Allot acquires mobile video optimization solution provider Ortiva Wireless
Bandwidth Management Solutions provider Allot Communications has acquired mobile video optimization solution provider Ortiva Wireless. The terms of the acquisition were not disclosed. Ortiva will contribute between $3-5 million in revenues for the second half of 2012.
Ortiva offers advanced commercial solutions for proactive management of mobile video, allowing service providers to dramatically improve control, quality, and efficiency of rich media content delivery. The incorporation of Ortiva's technology within Allot Service Gateway will allow mobile service providers to effectively manage the ever-increasing volume of video traffic on their networks.
"This acquisition is an important building block in our Service Gateway vision," said Rami Hadar, Allot's President and CEO. "By purchasing Ortiva, we will own an innovative video optimization solution, one of the major value-adds that our customers are seeking today. As video becomes an ever-increasing challenge for mobile networks, this acquisition will allow Allot to offer a robust and tightly integrated video optimization service within Allot Service Gateway."
Ortiva was founded in 2004 by Dr. Sujit Dey, the company Chief Technologist. Based in La Jolla, California, Ortiva has raised $30 million in total capital from leading investors include: Intel Capital, Comcast Ventures, Artiman Ventures, Mission Ventures, and Avalon Ventures
Allot providers service optimization and revenue generation solutions for fixed and mobile data networks worldwide. Allot’s rich portfolio of solutions transforms broadband pipes into smart networks that can rapidly and efficiently deploy value added Internet services for both the network and the subscriber. Allot is traded on Nasdaq (ALLT) with a market capitalization of $835 million.