Software developer Amdocs announced on Jan. 31 that it entered into an agreement to acquire Burbank video distribution services company Vubiquity for $224 million in cash.
Amdocs of Chesterfield, Mo. develops software for communications and media companies. The company said buying Vubiquity will catapult Amdocs into the digital media and entertainment space. Content producers such as Turner Broadcasting and Warner Bros. Entertainment Inc. use Vubiquity’s services to make sure their videos are properly formatted, licensed and tracked as they are circulated to different media outlets, such as streaming platforms.
The deal is expected to close during the second quarter of Amdocs’ fiscal year. Vubiquity Chief Executive Darcy Antonellis plans to join Amdocs as head of the company’s media division upon completion of the sale.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.