Israel-based video compression firm Beamr is to acquire Vanguard Video.
Beamr said its compression algorithm would be integrated into Palo Alto-based Vanguard Video’s encoder solutions for “unprecedented levels of video quality at extremely low bit rates” for OTT, cable, satellite, telco and mobile operators to deliver video over congested networks.
Vanguard Video’s encoders are available on x86 and ARM HW platforms and support operating systems including Windows, Mac OS X, Linux, Android, and iOS.
Beamr founder and chief executive Sharon Carmel said: “From an industry perspective, the combination of Beamr and Vanguard Video brings unmatched solutions for the broadcast and OTT content delivery market. For Beamr, the acquisition is an important milestone, and we gladly welcome our new, talented colleagues from Vanguard Video, to the family.
“On a personal note, it’s no secret that I’m fanatic about quality, and we have found that Vanguard Video’s encoders produce the best visual quality, at the lowest bit rates, with the highest performance levels. Together we will lead the video encoding market by far with unprecedented quality and performance.”
Irena Terterov, founder and chief executive of Vanguard Video, added: “We are confident in the value this transaction will bring to the industry while enabling customers of both companies to strengthen their competitive position and secure their consumers’ loyalty.
“Building on our proven performance and high-quality customer base, we are eager to move forward as an integrated company, to deliver a complete suite of high-performance encoding and media optimization solutions available locally and via the cloud, with full support for future standards and technologies.”
Beamr also announced that it had raised $15m (£10.3m) in a private funding round.