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Nokia out of IP video again – leaves Velocix to chase its own vision

On the eve of IBC, Nokia has crashed out of the IP video business, selling it to the Canadian Volaris group to re-create the Velocix CDN brand that it acquired in 2009. This is the third such departure this year of IP video businesses out of large tech conglomerates with Ericsson and Cisco previously departing core IP video businesses. Nokia dropped out of the video business previously when it was still very much focused on handsets. We very much get the feeling that there are two things happening here – firstly that large equipment vendors are not the right environment to have a “vision” about the future of video and try to sell it both internally and to major customers…

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