Synamedia, the world’s largest independent video software provider, completed the acquisition of Quortex, a cloud video delivery platform optimized for just-in-time processing of live video streaming, from Elaia Partners, a private equity firm. Financial terms were not disclosed. "With our breakthrough just-in-time approach, we have turned the live streaming model on its head, ditching the need to wastefully provision streaming resources just-in-case. We believe that with Synamedia’s global reach and complementary product lines, we can accelerate our mission to transform the agility and cost of streaming and slash its carbon footprint," Marc Baillavoine, Quortex CEO and Founder.