Aferian Plc Aferian Plc (AIM: AFRN) is a United Kingdom-based provider of business-to-business video streaming solutions that enable media companies, broadcasters, Pay TV operators, and enterprises to deliver high-quality live and on-demand video experiences across multiple screens and platforms including smartphones, tablets, Smart TVs, and set-top boxes. Founded in 1997 and headquartered in Cambridge, UK, the company operates through two principal divisions, 24i and Amino; 24i offers an end-to-end SaaS video streaming platform encompassing front-end applications for seamless viewing, back-end management software for content scheduling, AI-powered personalization via 24i Video Cloud, and TV-as-a-Service solutions; Amino provides specialist video streaming hardware with embedded software, a SaaS device management platform compatible with third-party devices, and solutions for enterprise video, digital signage, and low-latency IP delivery targeting sectors such as retail, hospitality, betting shops, and experiential AV. Aferian maintains a global footprint with offices in Amsterdam, Copenhagen, Brno, Madrid, Hong Kong, and other locations, serving over 500 customers worldwide and reaching more than 100 million daily video streamers. In recent developments, the company implemented significant cost reductions in late 2023 and April 2024 yielding approximately $6 million in annualized savings, secured extensions in April 2024 to its $16.5 million senior lending facilities until September 2025 and a $1.3 million shareholder term loan to January 2026, achieved positive adjusted EBITDA in the second half of fiscal year 2024 ending November 30 alongside strong advance sales orders including a material multi-year contract from a major UK betting operator in November 2024, launched a formal sale process in September 2025 for its Amino and 24i businesses as well as the entire group under the Takeover Code with FRP Advisory managing subsidiary sales, and reported an exit run-rate annual recurring revenue of $14.8 million primarily from 24i while transitioning toward higher-margin software-led growth amid the industry's shift from traditional broadcast to IP streaming.