Amagi Group acquires Tellyo to boost live sports and news broadcasting
Amagi, a cloud-based SaaS technology platform, has announced its acquisition of Tellyo - a real-time live cloud remote production, clipping/editing, and social sharing platform. Tellyo offers Stream Studio, which enables media and content teams to produce dynamic live videos that can be streamed to multiple digital and social media platforms. The price for the acquisition has not been disclosed.
“We are excited about the opportunities this acquisition presents for Amagi. 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,” said Baskar Subramanian, Co-founder and CEO, Amagi.
Tellyo enables real-time web conferences and events with external contributors and commentators from multiple devices. Athletes, actors, sponsors, ambassadors, and influencers use Tellyo to extend their reach and engagement across social media.
The acquisition is set to enhance Amagi’s video toolset for live sports and news broadcasts and improve live video streaming and editing experience for customers worldwide. “We believe that joining forces with Amagi will provide us with the resources and scale to reach new heights,” said Richard Collins, CEO, Tellyo. With this agreement, Amagi expanded its footprint in Europe. Earlier last year, Amagi had set up its development centre in Croatia, it's first outside India.
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