Tandberg Television has acquired Zetools, a US software developer enabling the delivery of next-generation digital video services over the internet. Tandberg said the acquisition—its latest in a string of recent buy-ups—would expand its ability to support content owners and operators as they look to build internet TV and broadband businesses. Financial terms were not disclosed.
Zetools provides software solutions to leading US media companies, including AOL, NBC Universal, MTV Networks and Viacom. "Our business is to help operators and content owners move video across today's growing choice of distribution platforms to satisfy subscribers' growing demand for improved picture quality, and convenience in their viewing experience," said Eric Cooney, Tandberg Television CEO.
"For cable, satellite, terrestrial, IPTV, wireless and now the internet, we are the world's leading provider of solutions that enable our customers to create new consumer video experiences and generate online revenues through interactive advertising and pay-TV, a truly unique proposition.
"The deal with Zetools enables us to help our customers build broadband businesses through the delivery of digital video over the internet to PCs and to the TV using the next generation of broadband enabled set-top-boxes and PVRs."
In February Tandberg Television acquired SkyStream Networks, the US-headquartered internet protocol television (IPTV) infrastructure specialist. SkyStream's digital video headends for MPEG-2/MPEG-4 AVC encoding and transcoding are used by IPTV operators in Asia, Europe and the US.
Last year Tandberg Television acquired GoldPocket Interactive, the US-based provider of open-standards interactive television technology, and Atlanta-based N2 Broadband, a video-on-demand specialist.
Lovelace Consulting | 11.08.2006