Synamedia acquires Quortex

Independent video software provider Synamedia has acquired Quortex, the privately-held provider of a leading cloud video delivery platform optimized for just-in-time processing of live video streaming.

With this acquisition, Synamedia will enhance its cloud Video Network capabilities, complementing its VIVID Workflow as-a-Service (WaaS) with a set of innovative solutions for OTT content processing, disaster recovery, long tail content processing for large service providers, and live events.

Julien Signes, EVP and General Manager of Video Network at Synamedia, said, “Quortex has broken new ground with live services that dynamically spring to life when processing a user request. This radical change in the economics of cloud processing will accelerate the migration of live video services to the cloud. We see enormous potential as we expand Quortex’s reach globally – for the fast-growing D2C live streaming market as well as our traditional service provider customer base who want to reduce infrastructure costs and meet their CO2 reduction commitments.”

Quortex’s multi-tenant SaaS technology builds video streams on-the-fly, based on the end users’ requirements and matched to viewers’ locations, devices and time zones. The service is designed for any live streaming provider including telcos, cable operators, direct-to-consumer (D2C) players, and broadcasters.

Using a patented, industry-first, pay-as-you-stream model, Quortex’s just-in-time technology provides exactly the resources required at any given time. Its technology will be part of Synamedia’s Video Network portfolio, and the company will continue to operate under its own brand while taking advantage of Synamedia’s customer base, financial strength and global presence.

Marc Baillavoine, CEO and Founder of Quortex, said, “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.”