Verizon Digital Media Services enters agreement to acquire Volicon

LOS ANGELES, CA -- Verizon Digital Media Services, now a part of AOL, has entered an agreement to acquire Volicon, a leading provider of video capture, archival, compliance monitoring and clip creation workflow for broadcasters. Volicon will become a key asset for Verizon Digital Media Services, further establishing Verizon Digital Media Services as a key provider of technology and media services to the broadcast and online video industry.

Built on the world's largest, most connected network, Verizon Digital Media Services enables leading content creators, publishers, broadcasters, and enterprises to securely and profitably deliver their content to audiences anytime, anywhere, on any device.

Volicon's technology, combined with Verizon Digital Media Services' Video Lifecycle Solution, will provide customers with a seamless option to take existing broadcast feeds and channels directly to OTT cloud-based delivery models.

The combination of Verizon Digital Media Services and Volicon further extends the boundaries of what an end-to-end video solution represents. Both companies already have complementary video workflow tools to allow content creators and broadcasters to generate assets, clips, highlights and social sharing opportunities from existing live, linear and VOD workflows. Verizon Digital Media Services also has extensive capabilities to leverage and augment various existing broadcast automation signaling for automatic recognition of program boundaries, ad insertion, blackout and content replacement and entitlement rules.

Volicon was founded by Eli Warsawski, Julius Perl and Yehuda Brand in 2005. Terms of the deal were not disclosed. For more details, visit http://www.verizon.com
 

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