Dutch deal shows power of Amino-24i proposition
Amino in Cambridge and 24i, the quoted group’s global video experience business, have struck a deal with Dutch mobile virtual network operator Youfone to provide a fully-integrated, end-to-end video solution to refresh and expand its TV and OTT offering.
The Dutch TV challenger launched its TV services in 2017 and will now rely on 24i and Amino to create a next-generation viewing experience to meet and exceed the increasing demands of modern TV consumers.
Youfone will deploy an end-to-end solution that combines Amino’s IPTV and TV Everywhere expertise with 24i’s leadership in video experience design and application development. 24i became an Amino group company in July and Youfone is the first joint-solution deployment to be announced. The Amino and 24i solution is expected to be live at Youfone in Q2 2020.
The solution will combine 24i’s Smart Video and Smart App video experience products as well as Amino’s Amigo 7x Android STBs running on AminoOS, all managed through ENGAGE, Amino’s cloud-based service management platform.
The deployment will provide transcoding, middleware, CDN and front-end applications for Android, iOS phones and tablets enabling live TV, catchup, restart and nPVR of approximately 100 channels.
Donald McGarva, Amino CEO, said: “The expertise of the 24i and Amino teams combined with our joint technology solutions gives Youfone the competitive advantage of being able to adapt, grow and manage their TV and video services from one, dynamic platform.
“The announcement also marks a major milestone for the Amino and 24i teams as we celebrate our first joint customer deployment since the two companies came together earlier this year.”
Amino, whose technology facilitates modern TV experiences, has also announced an upbeat trading update for the year to November 30.
The group expects to report trading performance in line with market expectations. Amino continues to deliver excellent operating cashflows, with a net cash position of $1.4 million at year-end, reflecting the impact of the 24i acquisition and dividend payments.
Near the end of November, the group signed a new three-year $15 million multi-currency revolving credit facility with Barclays to replace its previous facility which was due to expire in July 2020.
In recognition of 24i’s strategic importance to the future growth of the group, Joachim Bergman, currently co-CEO of 24i, has joined the board in that capacity and as an executive director.
Bergman joined Amino as SVP Cloud Services in September 2017, having spent over 20 years working in the telecoms and media sector, latterly for Ericsson. In 2019 his team successfully delivered the design and implementation of AminoTV’s first multi-tenant online video solution.
Steve McKay and Michael Clegg have stepped down from their non-executive board roles; the board now comprises three executive directors and three non-executive directors, including the non-executive chairman.