Olympusat acquires Float Left Interactive a provider of TV Everywhere and OTT video app solutions

Olympusat, Inc. acquires Float Left Interactive as a new division of Olympusat. Float Left Interactive, a U.S.-based company, is a leader in the TV app development industry and partners with top media and entertainment companies, helping them create engaging video experiences across all connected TV devices. Float Left Interactive joins Olympusat’s company-wide efforts to expand its digital footprint and engage a wider audience across its Over-The-Top (OTT) platform VEMOX, a cost efficient and reliable B2B carrier-grade OTT platform, developed for operators in the U.S. and Latin America. The VEMOX platform combines technology and content, creating a customizable OPEX based turnkey solution with over 100+ live Spanish and English language channels and 5,000+ hours of VOD content.“This is a great fit for Olympusat. With Float Left Interactive’s resources, we will rapidly expand VEMOX’s capabilities. Just as importantly, we are bringing to Olympusat a great and talented team, led by Tom Schaeffer, who will move quickly with our own distribution and creative teams to create and build additional OTT services,” said Tom Mohler, CEO of Olympusat.Float Left Interactive’s CEO, Tom Schaeffer, will continue to oversee the division. “Olympusat is truly the ideal home for us. Combining our deep experience in direct to consumer video services and coupled with Olympusat’s vast library and production expertise will provide an unlimited number of opportunities to create the next generation of TV experiences,” added Schaeffer.Float Left Interactive will continue to operate under its consumer-facing brand, and will be based at Olympusat’s corporate headquarters in West Palm Beach, Florida.