24i Media acquires Mautilus

Amsterdam, May 9, 2018 - 24i Media, the leading internet TV app technology provider for the world's top media companies, today announces the acquisition of Mautilus, the Czech TV app agency specializing in HbbTV and applications for multiple devices. The acquisition strengthens 24i's technology framework with new products and features, and increases its production capacity with Mautilus' highly-skilled engineers. The acquisition of Mautilus is the next step in 24i's ambition to deliver the most innovative, modular, flexible and scalable video streaming application technology.

"Mautilus shares our vision and recognizes the importance of delivering flawless and immersive experiences for our clients and their end-users. Its solutions strongly complement the broader 24i portfolio, and allows us to continue building a global internet TV app powerhouse with the best talent in the industry," said Martijn van Horssen, CEO and Co-Founder of 24i. "We are excited to be adding a tremendously talented team to contribute to our competitive edge. Sharing our values, our culture and our ongoing commitment to bringing state-of-the-art solutions to the new TV industry will allow 24i to bring even more powerful solutions to market. As one company, we will provide customers with truly innovative solutions enabled by cutting-edge technologies." he added.

24i continues to grow and expand its position in today's evolving video landscape according to the company.. While 2017 was a year of record growth, this trend is continuing into 2018. In fact, Mautilus is 24i's second acquisition in 2018; the company acquired multiscreen video platform provider Vigour in March. 

"Innovation, agility and the ability to scale are crucial ingredients to surf the impressive waves caused by the TV industry's fundamental changes. We've been able to accelerate our growth by picking partners that strengthen our strategic positioning. We always strive to attract great media professionals, whether individually or by teaming up with highly valued peers like Mautilus. Based on our successful integration with the former Siemens CVC front-end team in 2016, we are convinced of the value creation and cross-pollination of our teams in Brno," added 24i's Co-Founder and Chief Strategy Officer Hans Disch.

Mautilus develops TV apps for multiple platforms, including smart TVs, mobile, HbbTV, as well as for games consoles, set-top-boxes, and much more. Its customers include HBO, T-Mobile, iFlix and Showmax.

"Joining forces with 24i will allow us to better serve our customers by offering an innovative approach to streaming video technology," said Rehor Vykoupil, CEO of Mautilus. "The combination will allow us to provide the best solutions to our customers, and will be a great home for our technology and team. With our unique blend of multi-platform experience, specific HbbTV expertise and knowledge of addressable TV, we can strengthen and accelerate 24i?s ambition of becoming the most recognized technology provider for developing cutting-edge video applications across all devices. Petr Mazanec, Ivan Bradac and myself, as founders of Mautilus, are really proud to marry our team into the 24i family," he added.

Having experienced rapid growth in 2018, as well as announcing the launch of the Tennis Channel app for Sinclair Broadcasting Group last month, 24i will continue to expand its market position in the coming months according to the company.