Agile Content Acquires WeTek
Agile Content, a provider of digital TV and video distribution solutions, has purchased WeTek, a Portuguese company dedicated to the R&D of the Android ecosystem. The addition of WeTek’s line of products to the Agile Content offering furthers its range of end-to-end services.
The WeTek team delivers custom Android hardware and software innovations and device management services to businesses across a wide range of industries including global media and pay TV operators and distributors. In addition to the complementarity with Agile TV and Agile OTT solutions, the company said the acquisition of WeTek opens the door to the diversification of the business in other segments such as the hotel industry, where TV and entertainment offers can enhance monetization with targeted ads and customer relationship solutions.
A significant element of the acquisition, WeTek said, is the additional expertise it brings to Agile Content’s innovation and R&D division, something which is key as it works to address the constantly-evolving expectations of consumers. Together, the companies will offer personalized linear and on-demand viewing experiences across multiple devices.
Talking about the acquisition, WeTek’s CEO Hugo Condesa said: “I’m very excited about bringing together WeTek’s solution roadmaps and the Agile Content offering to create applications for virtually any screen, available anywhere in the world. Together, we’re going to make a significant impact on modern multimedia viewing experiences.”
Hernan Scapusio, Agile Content CEO, added: “This acquisition follows a key part of our strategy to continue providing the best end-to-end services and support to customers all over the world. We’re excited to bring the WeTek team into the fold and continue the innovations and the most specialized technology that they deliver to clients all over the world.’
Part of the financing of Agile Content’s acquisition of WeTek saw Agile Content’s board of directors ratify an investment of €3.2 million from current shareholder Jose Eulalio Poza Sanz, under his patrimonial society Key Wolf. This makes Jose Poza the largest single shareholder of Agile Content Group, with 5% of its shares.