Completion announcement: Leith Mergers & Acquisitions Limited (“Leith M&A”) is pleased to announce its role as exclusive M&A advisors to the shareholders of Ovyo Ltd (“Ovyo”) in the successful merger with The Loop Co. (“Loop Co.”). This transaction marks a significant milestone in the OTT/Video Software Services industry, bringing together two leaders in the sector. Leith M&A were delighted to facilitate this strategic transaction in the Sector.

Ovyo and The Loop Co. Merge to Expand World-Class OTT/Video Software Services with New Nearshore Capabilities
Ovyo Ltd, a leader in custom OTT & media software services and project delivery, is excited to announce its strategic merger with Portuguese technology services firm, The Loop Co. This merger combines Ovyo’s expertise in delivering software projects to the video, telecoms, and satellite industries from India, South Africa, the US and the UK with The Loop Co.’s nearshore service capabilities and deep cross-industry technical expertise including cloud software engineering and embedded systems.

Together, the two companies will offer an industry-leading service portfolio for OTT streamers, broadcasters, operators, industry vendors, and media businesses.

Ovyo is known for its speed and reactiveness in spinning up new project teams and getting customers rapid access to niche industry skills. With this merger, Ovyo can now match this experience in Portugal with its current services in India and the UK. With greater access to specialized talent across the globe and the addition of deep cloud and data engineering specializations, this development marks a significant enhancement to Ovyo’s well-established offshore software services.

Both Ovyo and The Loop Co. are fast-growing software services businesses which share a commitment to customer success and a culture of employee empowerment, making this merger a natural fit for both teams. The combined team of around 250 people supports an enhanced portfolio across Europe, North America and Asia.
By retaining all management personnel and project teams as part of the merger, not only is expertise retained but, most importantly, stability for customers is maximised.

“Everyone at Ovyo is really excited to take the next step on our growth journey together with The Loop Co. The nearshore offering is a game changer, enabling our vendor, operator and broadcaster customers to ultra-rapidly access specialized media teams on two continents and a greater depth and breadth of skills. We’re particularly pleased to be joining a company so focused on sustainability, given its increasing importance in customer decision-making,” said Pav Kudlac, CEO of Ovyo.

João Bernardo Parreira, CEO of The Loop Co., added “We’re delighted to merge with Ovyo. Their global delivery presence and deep expertise in delivering custom software projects will help us quickly unlock additional value for our customers.”

Leith Mergers & Acquisitions Managing Director, David Nelson commented: “It has been a great pleasure to support the shareholders of Ovyo on this transaction. Leith M&A were exclusively engaged to act as M&A Advisors to the shareholders and we are delighted to have played a part in the future of Ovyo and The Loop Co.”

About Ovyo:
Founded in 2019 by industry veterans and headquartered in the UK, Ovyo is a software & delivery services company focused on the video & media industry. With customers including Tier 1 operators and broadcasters as well as many of the vendors serving the industry, Ovyo undertakes a range of managed team, fixed price and team augmentation projects across front-end apps, back-end and cloud systems, platform integrations, operations and consulting. Ovyo’s main delivery centre is in India with further teams based in the UK, Portugal, South Africa, Canada and the US.

About The Loop Co.:
Founded in 2016 and headquartered in Coimbra, Portugal, The Loop Co. provides software and technology solutions, specializing in digital transformation and sustainability innovation. The Loop Co. supports companies in seamlessly integrating new technologies while prioritizing efficiency and environmental responsibility. Known for building strong industry partnerships, The Loop Co. helps clients drive impactful change across healthcare, financial services, retail and ecommerce, utilities and the circular economy.

About Leith M&A:
Leith Mergers & Acquisitions Limited continues to focus on delivering exceptional advisory services within the UK tech sector. This successful transaction underscores our dedication to facilitating strategic partnerships that drive growth and innovation. As the industry continues to evolve, we are excited about future opportunities to support businesses in achieving their strategic objectives through well managed mergers and acquisitions. Our team looks forward to leveraging our deep sector expertise to guide clients through transformative deals, ensuring long-term success and value creation.