Akamai Technologies has acquired Octoshape, a cloud OTT IPTV service provider that focuses on delivering broadcast, enterprise, and carrier solutions. Financial terms were not disclosed.
Octoshape’s services are designed to help optimize the quality of video streams for over-the-top (OTT) content and to enable Internet Protocol television (IPTV) solutions. Octoshape uses a combination of patented video and network optimization technologies for the delivery of video streams across the Internet using standard media formats and players. The privately-held company has approximately 40 employees.
“As more video gets consumed over the Internet, and on devices that can display higher-quality resolution, it is important for us to develop new ways to acquire, transform and distribute the highest-quality media for broadcast-size audiences,” said Tom Leighton, CEO of Akamai. “We are working to continue to extend our platform to accommodate video throughput increases that come from the adoption of 4K, and to support a potential 100-1000X increase in network traffic in the future.”
