FL Partners has advised the Danish software company Nordija on its sale to 24i, which with the acquisition creates a significant European player within TVaaS.
Through more than 20 years in the industry, the leading European Pay-TV specialist Nordija has developed a complete video platform. The platform delivers interactive widget-based IPTV / OTT solutions for streaming video and TV content on all devices. Nordija has customers in Europe, the Middle East, North America, and Latin America and serves more than 2,5 million end-users.
24i is an international software company with customers in 100 countries, offering software solutions for video streaming on all devices. 24i is part of listed Amino Technologies plc., headquartered in Amsterdam, and has offices in Los Angeles, New York, Guadalajara, Buenos Aires, Brno, Helsinki, and Madrid.
The acquisition combines the expertise within TVaaS from two strong companies, creating a significant European player that can quickly scale their service offering to a broader audience worldwide.