Amazon Web Services to Acquire Elemental

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Go back to Amazon Web Services to Acquire Elemental

Amazon Web Services (AMZN) Enters Agreement to Acquire Elemental Technologies

September 3, 2015 4:02 PM EDT

Amazon Web Services, Inc. (AWS), an Amazon.com (NASDAQ: AMZN) company, announced that Amazon has reached an agreement to acquire Elemental Technologies, Inc., pioneers in software-defined video solutions for multiscreen content delivery. The acquisition brings together Elementals leading video solutions with the AWS Cloud platform to provide media and entertainment companies with a range of integrated solutions to efficiently and economically scale video infrastructures as the media industry increasingly moves to internet based delivery.

(NOTE: AWS is said to pay about $500 million for Elemental, according to... More