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.
“Legacy VOD systems are just too expensive,” he said, holding that Evolution is now positioned to bring a next-gen video-on-demand platform that fits the cost models of tier 2/3 cable operators. He said i-Velozity’s platform is also capable of delivering linear video over IP, which will come into play as operators begin to deploy a sizable base of IP-enabled hybrid set-tops and gateways.