As part of the strategy to grow the core Media Networks business, media networks and resource optimisation Net Insight has acquired Aperi Corporation’s product portfolio. The acquisition will complement and strengthen Net Insight’s media offering.
Over the last few years, the Aperi products have been deployed at some Tier1 customers globally. The acquisition of Aperi’s all-IP product portfolio, built on an open, flexible and virtualised software architecture will complement and improve competitiveness of Net Insight’s existing media transport portfolio. As part of this transaction, eight Aperi engineers will join Net Insight to continue drive development and support of the Aperi products.
This acquisition supports Net Insight’s growth strategy of increased focus and investment in the core Media Networks business area. Net Insight has lately launched new products for Internet-based transport (Nimbra 400) and cloud-based transport (Nimbra Edge). Key components of the growth strategy also include accelerated Nimbra product development and a commitment to offer open standards Nimbra products to the market.
“By adding the Aperi products to our portfolio, we can strengthen our offering to a larger set of use cases for both existing and new customers,” advised Crister Fritzson, incoming CEO at Net Insight (from April 2020), “This transaction is an important part of building the new Net Insight.”
“We share the Aperi product vision of an open and virtualised software architecture and are excited to welcome the team of skilled engineers to Net Insight and to continue supporting existing and new Aperi customers,” declared Ulrik Rohne, VP Media Networks at Net Insight.
With this transaction, effective immediately, Net Insight acquires the full product portfolio, IPRs, brand and inventory from Aperi Corporation for $1.2 million in cash. The estimated impact on Net Insight operating earnings for 2020 is limited.