Espial to acquire video service platform of ARRIS
Canadian software company Espial (TSX: ESP) has agreed to buy the cloud-hosted video-as-a-service platform of ARRIS International plc (NASDAQ: ARRS), a U.S. entertainment and communications technology company. No financial terms were released for the deal, which is expected to close in the third quarter. Ottawa-based Espial said the acquisition will add to its capabilities and help leverage the company's IP video services. Founded in 1997, Espial went public in June 2007. It remains a portfolio investment of Canadian venture capital firm Relay Ventures.
4 July 2016•6 mins read
