Pay TV platform provider Tvinci has been acquired by Kaltura.
Open source video platform Kaltura said the deal would provide it with a leadership position in the OTT market.
The company, which raised £27.8m ($47m) in venture capital in February, has already begun integrating Tvinci’s technology into its OTT MediaGo product.
It said the integrated Kaltura-Tvinci platform supports live, on demand, and catch-up services, SVOD, TVOD and ad-based monetisation, social interaction and a personalisation.
Kaltura co-founder and chief executive Ron Yekutiel said: “The acquisition of Tvinci completes our transition from focusing largely on VOD assets and ad-based monetisation, to providing an equal emphasis on live and linear programming and an authenticated ay OTT TV experience.
“We are also very excited to broaden our offerings for the service provider markets, and to further boost our social, collaboration, and personalisation tools.”
Kaltura’s clients include Sesame Workshop, HBO, ABC, Warner Brothers, Paramount, DirecTV, Turner, and Wikipedia.
Tvinci customers include Eutelsat in Germany, MediaCorp in Singapore, Liberty Global in the Netherlands, Solar Entertainment in the Philippines and Yes in Israel.
The company employs some 60 people worldwide, including a research and development team at the company’s headquarters in Israel that will merge with Kaltura’s Israel-based technology team.
Tvinci’s founders, Ofer Shayo and Ido Wiesenberg (pictured) along with executives Avidan Lamdan and Amir Eilat will join Kaltura’s management team in a variety of global positions.
Shayo and Wiesenberg said: “By joining forces with Kaltura, we will accelerate our growth and upgrade our offering in order to provide the most comprehensive end-to-end paid OTT TV offering in the global market.
“This is a very exciting time for us; combining our success in the TV industry with Kaltura’s cross-industry video platform vision boosts the proposition expected from us.”