Volaris completed the acquisition of IP Video business from Nokia.

Volaris, a Toronto-based software company, completed the acquisition of IP Video business from Nokia, a Finnish multinational telecommunications, information technology, and consumer electronics corporation. Financial terms were not disclosed. "Volaris is truly excited by this pending acquisition of Nokia's market-leading video streaming portfolio. This planned transaction marks our first investment in the highly dynamic media technology sector and we look forward to using it as a springboard for growth," David Nyland, Volaris Portfolio Leader and President of Communications and Media.