Online video tech company NeuLion has acquired London-based digital video services company Saffron Digital, the companies announced June 6.
The pairing will give NeuLion the ability to expand its services to include subscription VOD, electronic sellthrough and ad-supported VOD, in addition to the live and VOD 4K offerings it currently has. Terms of the all-cash transaction were not disclosed.
“Saffron Digital has a blue-chip customer base that includes Carrefour, BT, Deutsche Telecom, ITV, Tribeca Shortlist, Vidity and others,” said Jason Keane, CEO for Saffron Digital. “We are excited to join NeuLion. As part of NeuLion, we can now offer our customers a compelling OTT platform for all premium digital content with support for all types of business models.”