Amdocs buying Los Angeles tech company Vubiquity for $224 million

Amdocs, a Chesterfield-based software and services provider, is buying Los Angeles-based tech company Vubiquity for $224 million.

Vubiquity works with hundreds of film studios and television networks to bring content to global video distributors.

Once the sale finalizes, Vubiquity CEO Darcy Antonellis will join Chesterfield-based Amdocs as head of the Amdocs Media Division, the companies said late Tuesday.

“Our joint offerings address the media and entertainment industry’s challenge in balancing the incredible growth of content and the many ways to consume content with making programming easier, faster to deliver and ultimately watch, while also delivering profits,” Amdocs’ president and CEO Eli Gelman said in a statement.

Read more: St. Louis Post-Dispatch

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