Ericsson to acquire Envivio for USD 125 million

Thursday 10 September 2015 | 12:01 CET | News
Ericsson is expanding further in the broadcast sector with an agreed offer to acquire Envivio. Ericsson is offering USD 4.10 per share in cash, more than double Envivio's last closing share price, for a total price tag of USD 125 million. Ericsson said the acquisition will strengthen its position in video compression products, adding to its existing portfolio of media enrichment, processing, publishing, delivery and TV platforms for TV providers and broadcasters. Envidio specialises in software-based video encoding and counts a customer base of over 400 TV service provider and content owner

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Categories: Broadcast & Satellite
Companies: Envivio
Countries: World
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