Orion Innovation, a Edison-based business and technology services firm, announced on Monday it has acquired Zodiac Systems, a New York-based video service delivery software company.
Founded in 2003, Zodiac, according to a news release, is a provider of cloud and devise software and engineering services for Tier 1 media and telecom operators.
The acquisition will integrate Zodiac’s video background and software into Orion’s telecommunications and media capabilities, enhancing the revenue profile of the company.
“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,” Raj Patil, CEO of Orion, said. “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.”
Under the deal, Derek Harrar will continue in his role as CEO of Zodiac and will join Orion’s management team, leading its media division.
“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,” Harrar said. “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.”
