Net Insight slutför försäljningen av Sye-verksamheten - Breakit

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We would like to show you a description here but the site won’t allow us. Net Insight has closed the transaction to divest Sye, its consumer streaming business, to Amazon (NASDAQ:AMZN) for approximately SEK 350 million in cash. The Sye technology solves fundamental issues for B2C streaming distribution. Net Insight makes it easier to create and deliver content in a more reliable and effective way thanks to world-leading innovative technologies.

Net Insight has sold its Sye business to Amazon for approximately SEK 350m (£28m/€33m) in cash.

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Sye represented a small fraction of Net Insight’s overall business and, as Dan Rayburn pointed out, a lot of that business was already being accounted for by Amazon, which was using Sye for its livestreaming operations. Net Insight disclosed that to date, they had “invested around $22.9M” in the product. About 30 employees and consultants have been transferred to Amazon in the deal. Sye was built on top of Microsoft Azure, so it’s an easy assumption that Amazon will now further integrate the technology into their Amazon Web Services platform.

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The Sye technology solves fundamental issues for B2C streaming distribution.

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Net Insight makes it easier to create and deliver content in a more reliable and effective way thanks to world-leading innovative technologies. Net Insight has closed the transaction to divest Sye, its consumer streaming video business, to Amazon (NASDAQ:AMZN) for approximately SEK 350 million in cash. As announced in December, Net Insight signed an agreement to divest the Streaming Solution business area (Sye).