Posts Tagged ‘Bob Toohey’

Verizon DMS Announces Acquisition of Volicon

Analysis, Broadcast Vendor M&A | Posted by Josh Stinehour
Mar 16 2016

Verizon Digital Media Services announced an agreement to acquire Volicon, a provider of compliance monitoring solutions for the broadcast industry.  Financial terms of the deal were not disclosed.

The acquisition of Volicon adds to Verizon Digital Media Services previous acquisitions in the media technology sector of upLynk in November 2013 and Edgecast Networks in December 2013.

The press release announcing the transaction offered background on the rationale for the acquisition.  Verizon Digital Media Services President Bob Toohey stated, “Volicon’s role as a trusted provider to more than 1,200 broadcast and video operators around the world, combined with deep expertise in video monitoring and analysis, will improve visibility, transparency, and quality of our clients content and ads over our global delivery footprint.”

Commenting on the acquisition, Volicon Founder and CEO Eli Warsawski said, “This undertaking represents a strategic opportunity for our products to evolve and for our customers to greatly benefit.”

Volicon was founded in 2005 and had raised approximately $2 million dollars in two separate fundraising rounds.


Related Content:

Verizon DMS Press Release on Acquisition



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