Nokia agrees with Volaris Group on sale of IP Video business and creation of Velocix, a pure play streaming technology company - Seite 2

Basil Alwan, Co-President of IP/Optical Networks at Nokia said: "Video plays a very important role in our customers' strategies, both as it relates to their services and the demands it places on their networks. Meanwhile, the technology behind video - including user experience, content packaging and delivery - continues to go through meaningful shifts. Our new partnership enables us to adapt and grow in this important period; together we can better navigate change while providing continuity for our customers."

Velocix will be at the IBC Show on September 14 - 18 exhibiting its latest products and thought leading perspectives on the future of personalized video entertainment. Visit Hall 15, stand MS35 (15.MS35) to meet with the management team and learn more about their plans.

About Volaris Group
Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow - whether that growth comes through organic measures such as new initiatives and product development, day-to-day business, or through complementary acquisitions. Learn more at www.volarisgroup.com.

About Velocix
Velocix is the streaming technology company that makes video personal, on every connected screen. We enable each stream to be personalized, dynamically adapting it to ensure every viewing experience is not just unique but enriched. Our solutions are used to engage, entertain, and inform millions of people around the globe, every single day. In partnership with our customers, including network service providers, video service operators, broadcasters, programmers, and content owners, we are forever improving how people connect with content and thereby making the world a better place, one stream at a time. velocix.com  

About Nokia
We create the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, we serve communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing.

We adhere to the highest ethical business standards as we create technology with social purpose, quality and integrity. Nokia is enabling the infrastructure for 5G and the Internet of Things to transform the human experience. nokia.com

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