Amazon Web Services, Inc. announced that Amazon has agreed to acquire Elemental Technologies, Inc., pioneers in software-defined video solutions for multiscreen content delivery.
Post acquisition, Elemental will continue to operate its business under its existing brand, delivering the full range of solutions required by customers.
Amazon did not disclose how much it’s paying for the acquisition. As per the company, acquisition is expected to close in the fourth quarter of the year 2015.
Elemental Technologies is founded in the year 2006 and headquartered in Portland, Oregon. Customers use Elemental’s software to process and deliver video streams that are customized for a wide variety of different formats, displays, devices, data rates, and environments.
“Elemental shares Amazon’s passion for invention and putting the customer first,” said Andy Jassy, Senior Vice President of Amazon Web Services. “Together, we’ll collaborate on deeper technology integrations and new infrastructure offerings so that media and entertainment companies can evolve their hybrid and cloud models as they continue to innovate their services for viewers.”
“The media and entertainment industry is at a unique inflection point, and as a part of Amazon, we will be in an even stronger position to help our customers delight their viewers globally,” said Sam Blackman, co-founder and CEO of Elemental. “We’re thrilled to have Amazon supporting our growth and ongoing commitment to our customers’ success.”