Amagi Agrees to Acquire Tellyo
The cloud-based SaaS tech provider adds the business of the live cloud remote production platform
Story Highlights
Amagi announced on Thursday that it has signed an agreement to acquire Tellyo.
Through the deal, Amagi, the cloud-based SaaS technology for broadcast and connected TV, adds the business of Tellyo, a real-time live cloud remote production, clipping/editing, and social sharing platform to its portfolio.
“We are excited about the opportunities this acquisition presents for Amagi,” Baskar Subramanian, Amagi’s Co-Founder & CEO said in the official announcement Tellyo brings a wealth of expertise, a strong team, and innovative products that align perfectly with our strategic vision of being a frontrunner in the cloud-based live broadcast technology space. Together, we will not only enrich Amagi’s product offerings, but also bring investments in the Eastern European region and create new possibilities for local talent and global customers.”
It’s a notable move for the sports broadcasting sector as Tellyo – and its product Stream Studio – has emerged as a popular platform of choice for live streaming to multiple destinations while also delivering short-form content to social platforms quickly.
“This move is a testament to our commitment in delivering outstanding value to our customers, employees and investors,” says Tellyo CEO Richard Collins. “We believe that joining forces with Amagi will provide us with the resources and scale to reach new heights. We are excited about the potential of what both our companies can offer.”
The deal also expands Amagi’s company footprint into Europe – Tellyo’s product development center in Poland. Earlier last year, Amagi also set up a development center in Croatia.
“We are committed to ensuring a smooth transition for Tellyo’s clients, employees, and partners during this exciting phase. Our collective team is energized and ready to embark on this journey, leveraging our shared values, vision, and passion for excellence,” said Srinivasan KA, Co-founder and Chief Revenue Officer, Amagi.
