Allot Communications has secured a deal to buy Oversi Networks, a global provider of rich-media caching and content delivery solutions for Internet video and peer-to-peer traffic.
Israel-based Allot says this is another milestone in its vision of further enhancing its Allot Service Gateway by offering a comprehensive video solution, which now includes both video optimization and caching. The incorporation of Oversi’s technology with Allot’s Service Gateway will allow fixed and mobile service providers to effectively manage the ever-increasing volume of video traffic on their networks, the company said.
Allot says its fixed-line customers report that video traffic currently uses more than half of bandwidth and that number is rapidly increasing. On the wireless side, video now represents 42 percent of mobile data traffic worldwide.
Oversi's caching and acceleration solutions are designed to help both fixed and mobile service providers to relieve the heavy network congestion associated with Internet video traffic. Its technology identifies popular content and caches it at the edge of the network, therefore achieving significant bandwidth saving and minimizing long delays in video delivery. The end result is an improvement in the subscribers’ quality of experience (QoE) for video applications.
"The acquisition of Oversi is another step in realizing our Service Gateway vision," commented Rami Hadar, Allot’s president and CEO. "By adding video caching, Allot now offers its customers a comprehensive video solution that includes the critical caching and optimization services required to manage the ever-increasing volume of over-the-top video on the Internet.
Allot is buying Oversi for $16 million in cash, as well as up to $5 million based on Oversi’s performance during 2012. Look for the deal to close sometime in the third quarter.