Veset, a privately owned Latvian-founded company with headquarters in the UK, provides software-as-a-service (SaaS) playout solutions for video processing and playout. Established in 2011, the company, which employs approximately 20 people, serves broadcasters and managed service providers. Its revenue in 2023 was less than $10 million. Veset is a subsidiary of PLAY (Japan).
Viewers' content consumption habits have changed, requiring broadcasters to adapt to meet evolving needs across various platforms and devices. On July 23, 2025, Veset announced that MED.TV, a Mediterranean TV station, selected Nimbus, Veset's cloud playout solution, to distribute linear and on-demand content across multiple platforms. MED.TV now uses Nimbus for its entire broadcast workflow in the cloud. Additionally, the integration of Veset's Nimbus with swXtch.io's cloudSwXtch provides broadcasters, content owners, and rightsholders a scalable and cost-effective method for transmitting live video feeds to viewers simultaneously to Nimbus and other third-party products.
Veset's customers primarily consist of broadcast television and radio, media and TV services and telecoms services companies. Examples of Veset's customers include ProSiebenSat.1 Media, TED and Telekom Malaysia. Veset has commercial and technical partners like PLAY (Japan), Bitcentral and Levira. Veset has suppliers like MainConcept.
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