Evolution Digital, a supplier of video equipment, software and services to independent MVPDs, said it has acquired i-Velozity LLC, a startup that has developed a low-cost IP-VOD platform.
Financial terms were not disclosed, but Centennial, Colo.-based Evolution said the acquisition will enable it to help its cable operator partners deliver video-on-demand services over IP to set-tops as well as other types of connected devices, including tablets, smartphones and gaming consoles.
i-Velozity’s multiscreen IP-VOD software platform, which hooks into cable and telco backoffice and billing systems, runs on standards-based, off-the-shelf hardware and offers a cost-effective alternative to more traditional QAM-based VOD systems, said Brent Smith, Evolution’s president and CTO.
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