Over the top solutions provider, MultiTV has acquired sports’ video on demand platform Veqta in India from ITW Digital. The acquisition will help MultiTV to strengthen its offering with sports content and B2B and B2C integration of the digital sports streaming OTT platform.
Veqta is India’s first digital platform dedicated to streaming live sport and providing video-on-demand sports content.
Commenting on the development, MultiTV founder Vikash Samota said, “MultiTV has been associated with Veqta since its early days. We have been involved with many OTT platforms and are providing them the video platform and technical support. With this acquisition we will now strengthen our offering with sports content and B2B and B2C integration of Veqta. We look forward to using our expertise to grow the brand by bringing great content from the world of sports and providing a seamless viewing experience to the Veqta users”.
Veqta co-founder and director Varun Mathur said, “MultiTV has been providing the technical backend infrastructure services for Veqta and is quite familiar with the product. This will allow for a seamless takeover of Veqta by MultiTV. We are confident that MultiTV with its large team, technical expertise and vast OTT experience will grow the brand and increase the reach among sports fans in the country.”
MultiTV aims to empower and create next level digital video eco-system, helping brands, broadcasters, content owners and publishers with cutting-edge technology products to leverage the growing digital video consumption among audiences. With the comprehensive end-to-end video solution, MultiTV offers OTT, monetisation, live broadcasting and tv tracking technologies.