Orion Innovation (“Orion”), a global business and technology services firm that provides digital transformation and product development services, announced the acquisition of Zodiac Systems (“Zodiac”), a New York-based video service delivery software company. Zodiac provides advanced cloud and device software and engineering services for Tier 1 media and telecom operators globally.
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Zodiac brings deep video knowhow and its software adds significant proprietary Intellectual Property (IP) to Orion’s growing telecommunications and media capabilities. Zodiac’s Matrix video API management cloud integration platform enables operators to seamlessly orchestrate service-by-service upgrades and migrations from legacy delivery permutations to today’s OTT video IP back-office delivery platforms. In addition, Zodiac’s Stack device software enables OTT apps, streaming services and monetization models to be delivered to new, existing, and deployed set-top and IP-only video devices. Founded in 2003, Zodiac’s software platform spans 20 million set-tops at Tier 1 carriers.
Building core IP has been a strong focus of Orion’s corporate growth strategy. The new IP from Zodiac adds significant revenues to Orion, enhancing the revenue profile of the company.
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“Zodiac is a pioneer in the video service delivery space, with unique proprietary IP and deep engineering expertise to meet the increasing demand for next generation telecommunications and media services around the world,” said Raj Patil, CEO of Orion. “Video is at the leading edge of the largest digital transformation opportunity. Zodiac gives us a true advantage in delivering exciting solutions to our rapidly growing telecommunications and media client base. We’re thrilled to welcome Derek Harrar and the talented Zodiac team to Orion.”
As part of the transaction, Derek Harrar will continue as CEO of Zodiac and join Orion’s management team to lead the Media Division to scale ongoing digital transformation efforts in that space. “Over the last 18 months, Zodiac has established itself as the preferred API management cloud integration platform partnered with the major players in the OTT/IP video delivery segment,” said Harrar. “Joining Orion represents the next step in that journey, combining our platform with a virtually unlimited, cost-efficient engineering pool savvy in large-scale digital transformation and product development services capabilities.”