Verizon Digital Media Services has announced an agreement to acquire Volicon, a provider of compliance monitoring solutions for the broadcast industry. Financial terms of the deal were not disclosed. Verizon Digital Media Services acquired AOL, owner of TechCrunch, last year. Its previous acquisitions in the media technology sector include upLynk in November 2013 and Edgecast Networks in […]
Verizon Digital Media Services has announced an agreement to acquire Volicon, a provider of compliance monitoring solutions for the broadcast industry. Financial terms of the deal were not disclosed.
Verizon Digital Media Services acquired AOL, owner of TechCrunch, last year. Its previous acquisitions in the media technology sector include upLynk in November 2013 and Edgecast Networks in December 2013. By combining Volicons technology with its own, Verizon is hoping to help broadcasters tap their existing video feeds and channels for online delivery.
In a press announcement, Bob Toohey, President, Verizon Digital Media Services, stated: Volicons role as a trusted provider to more than 1,200 broadcast and video operators around the world, combined with deep expertise in video monitoring and analysis, will improve visibility, transparency, and quality of our clients content and ads over our global delivery footprint.
Commenting on the acquisition, Volicon Founder and CEO Eli Warsawski said: This undertaking represents a strategic opportunity for our products to evolve and for our customers to greatly benefit.
Volicon was founded in 2005 and had raised approximately $2 million dollars in two separate fundraising rounds.
