ATEME completed the acquisition of an 87% stake in Anevia for $23m.

ATEME, a company that develops video compression and delivery technology for professional media distribution, completed the acquisition of an 87% stake in Anevia, a developer of a live and on-demand video streaming platform designed to provide multiscreen Over-the-Top services, for $23m. “We are proud to announce the completion of this major step in the acquisition of Anevia following the signature of the final agreements on 6 October. The first stage of the transaction has been successfully completed and the natural course of the transaction will enable ATEME to finalise the acquisition of Anevia in the coming weeks,” Michel Artières, ATEME Chairman and CEO.