Ericsson Buys USA Bssed Mobile TV Developer
Published on: 6th Feb 2014
By: Ian Mansfield
Ericsson is buying USA based Azuki Systems a provider of TV Anywhere delivery platforms for an undisclosed amount.
Azuki Systems extends Ericsson's TV and media portfolio which includes the recent addition of Mediaroom from Microsoft. In addition, Ericsson said that it will gain additional key functionality related to the deployment of TV Anywhere services, including adaptive bit rate and content protection technologies.
Azuki Systems was founded in 2008 and has 49 employees.
The acquisition is expected to close before the end of February, 2014, subject to customary closing conditions. Azuki Systems will be incorporated into Business Unit Support Solutions.
The company is privately owned and backed by Sigma Partners and Kepha Partners.