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                            <title><![CDATA[ Latest from Next TV in 24i ]]></title>
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                                    <lastBuildDate>Mon, 15 Jul 2019 15:23:25 +0000</lastBuildDate>
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                                                            <title><![CDATA[ Amino Buys Amsterdam Video Tech Company 24i for $27.1M ]]></title>
                                                                                                                                                                                                <link>https://www.nexttv.com/news/amino-buys-amsterdam-video-tech-company-24i</link>
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                            <![CDATA[ Amino Buys Amsterdam Video Tech Company 24i for $27.1M ]]>
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                                                                        <pubDate>Mon, 15 Jul 2019 15:23:25 +0000</pubDate>                                                                                                                                                                                                                                <category><![CDATA[Distribution]]></category>
                                                                                                <author><![CDATA[ daniel.frankel@futurenet.com (Daniel Frankel) ]]></author>                    <dc:creator><![CDATA[ Daniel Frankel ]]></dc:creator>                                                                                    <dc:source><![CDATA[ http://cdn.mos.cms.futurecdn.net/7wBJVmzcn7E9PQZWPFQsH7.jpeg ]]></dc:source>
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                                <p>UK-based video tech vendor Amino Communications has announced the purchase of Amsterdam headquartered UI/UX specialist 24i.</p><p>The deal is valued at around $27.1 million.</p><p>A specialist focused on providing apps for TV and streaming devices, 24i generated around $8 million in revenue in 2018. Amino said the two companies have numerous areas of synergy, including TV Everywhere and Android TV.</p><p>The 24i client list includes Fox Sports and Sinclair Broadcasting.</p><p>Amino provides video software to more than 250 pay TV operators across more than 100 countries.</p><p>“The fast-growing 24i is a great strategic acquisition for us, moving us closer to a decisive market leadership position,” said Amino CEO Donald McGarva, in a statement. “Not only does 24i’s leadership in UI/UX and TV/online video apps complement our product line-up, but 24i also shares our vision of where the industry is headed, and the agility and culture of innovation required to get it there profitably.”</p><p>Added Martijn van Horssen, 24i Media’s CEO: “In a rapidly changing industry, Amino and 24i are joining forces to innovate and create disruptive video experiences. With our combined technology stacks and highly professional and motivated teams, our post-acquisition mission remains exactly the same: to provide the solutions and services that innovate video experiences across all TV platforms on any device to enable Amino customers to deliver valuable consumer engagements.”</p>
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