Nokia sells IP Video business to Volaris

Nokia has announced plans to divest its IP Video business to Volaris Group, a Toronto-based software company. Nokia’s video product portfolio – including its caching and streaming products, origin and storage technology, and stream personalisation software – is expected to move to Volaris and launch a new pure play streaming technology company, Velocix, operating as an independent business within Volaris Group’s Communications & Media portfolio.

Source: Nokia sells IP Video business to Volaris

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