Transaction

Revolutionising Digital Media Distribution

The acquisition of Velocix by Alcatel Lucent will enable them to accelerate and enhance their digital media distribution capability

Date:
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Sectors:
  • B2B Information and Events
  • Digital Media and Content

JEGI CLARITY advised 3i, Amadeus and Pentech, institutional shareholders of UK-based Velocix, on the sale of the business to Alcatel-Lucent.

Levels of internet traffic, driven largely by online video, are growing at an explosive pace, putting Internet Service Providers (ISPs) under pressure and threatening to compromise consumer experience.

Velocix is revolutionizing the way rich media is distributed online by offering technology and services that enable ISPs to launch their own digital delivery capabilities.

Alcatel-Lucent is a leader in mobile and converged broadband networking, IP technologies, applications and services. It operates in 130 countries with a turnover of €17 billion in 2008.

JEGI CLARITY think creatively about the task in hand and are not constrained by conventional wisdom. Despite having to manage a large shareholder base and keep pace with a fast-evolving commercial environment, they never lost sight of the objective. They worked extraordinarily hard, demonstrating real tenacity to get the best possible outcome for shareholders and management in a very challenging market.

Simon Cornwell, Partner, Amadeus
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