Strategy & Technology Ltd (S&T) and Simplestream Ltd announced today that their two joint venture companies, Synapse TV and VuTV are to become wholly owned by S&T who will continue to run and develop the businesses which are currently focused on delivery of OTT video services to connected TVs.
Using S&T's technology, Synapse TV provides content owners with a managed service for monetising linear and on-demand video services to multiple connected devices including cost-effective delivery via EPG-based channels on the Freeview platform.
VuTV is a streaming pay TV service (built on a platform provided by Synapse TV, available on Freeview in the UK and allows subscribers to enjoy 13 premium OTT channels, more of which will be added in the next few months.
The decision for S&T to wholly acquire the two companies comes as Simplesteam decide to focus their business on mobile and tablet viewing following the significant growth of TVPlayer, Simplestream's OTT TV platform.
The restructure of the companies will see TVPlayer become a client of Synapse TV and will launch on Freeview this September.
DTG Staff | 08.09.2014