M&A Deal Summary

Aferian Acquires 24i Media

On July 15, 2019, Aferian acquired software company 24i Media from Newion Partners B.V.

Acquisition Highlights
  • This is Aferian’s 1st transaction in the Software sector.
  • This is Aferian’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2019-07-15
Target 24i Media
Sector Software
Buyer(s) Aferian
Sellers(s) Newion Partners B.V.
Deal Type Add-on Acquisition

Target

24i Media

Amsterdam, Netherlands
24i conceives, designs, develops, deploys and maintains TV apps for any screen, from smart TVs to set-top boxes, game consoles, tablets and mobiles.

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Buyer(S) 1

Buyer

Aferian

Cambridge, United Kingdom
Category Company
Founded 1997
Sector Media
Revenue 93M GBP (2021)
DESCRIPTION

Aferian is a provider of media and entertainment technology solutions and IPTV services by working with over 250 operators in 100-plus countries. The company enables operators to meet the challenges they face as broadcast TV and online video moves to an all-IP future with managed over-the-top (OTT) offerings. Aferian is an expert in software, hardware, and cloud implementation that is able to deploy its own leading-edge technologies and integrate these with third-party and ‘upcycled’ legacy systems. At the forefront of the evolution of TV Everywhere, It helps operators to provide the features and functionality modern consumers are looking for in a multiscreen, multi-device entertainment world. Aferian was founded in 1997 and is based in Cambridge, United Kingdom.

DEAL STATS #
Overall 3 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
Country (Netherlands) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-22 Entone

Cupertino, California, United States

Entone, Inc. is a provider of Cloud TV and Connected Home solutions.

Buy $73M

Seller(S) 1

SELLER

Newion Partners B.V.

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 2000
Size Small
Type Sector Focused
DESCRIPTION

Newion is an early-stage investor in enterprise software companies located across Western and Northern Europe. Specific areas of interest include application development, IT management, cloud computing, business intelligence, customer insights, and customer experience management. Newion was formed in 2000 and is headquartered in Heerenveen, the Netherlands.

DEAL STATS #
Overall 10 of 10
Sector (Software) 5 of 5
Type (Add-on Acquisition) 9 of 9
Country (Netherlands) 10 of 10
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Mall-Connect BV

Laren, Netherlands

Mall-Connect BV i s aprovider of digital marketing platform for shopping malls only. Mall-Connect was founded in 2011 and is based in Laren, Netherlands.

Sell -
Mergr

Product

Company

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