Visionary has acquired IPTV software company and UK distributor Azure Development Solutions, which operates under the brand NetworkTV.
The move is set to enhance Visionary’s
capabilities in IPTV and expands its AV-over-IP sales
channels, while simultaneously establishing a European headquarters.
NetworkTV’s
existing management team will assume leadership of the
new European operation.
Visionary’s acquisition of NetworkTV is expected
to be completed, with full integration of operations,
branding and product lines in the coming months.
Both companies have said they are committed to
ensuring a seamless transition for their customers and partners.