Ericsson (NASDAQ:ERIC) has today completed the acquisition of Microsoft's Mediaroom business and TV solution. Together with Ericsson's existing capability, the acquisition places the firm as the world's largest, by market share, and the most experienced provider of IPTV middleware technology and solutions.
As the most deployed IPTV platform, with a global market share of around 25%, Mediaroom-powered TV services are offered by nearly 60 of the world's leading operators, delivering services to almost 13 million households, and close to 24 million set top boxes, throughout the world.
Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions at Ericsson said: "This acquisition places us even more securely at the heart of an exciting and highly innovative industry. IPTV subscribers alone are predicted to grow by more than 18% each year to reach 105 million subscribers and revenue of USD 45 b. by 2015. By incorporating Mediaroom into our broad portfolio of solutions we will ensure our customers have the ultimate partner as they transform towards true TV Anywhere multi-screen services and optimized video delivery in any network"
Alongside some of the largest and most innovative telecoms operator customers and a world renowned telecoms video brand and solution, the acquisition brings to Ericsson a skilled team with deep experience in the development and delivery of innovative IPTV services.
Mediaroom is based in Mountain View, California, and is comprised of more than 400 people worldwide. The former Mediaroom business unit, including staff, will be integrated into the Ericsson group under the Business Unit Support Solutions, and will be called Ericsson Mediaroom as of today.
Today's closing follows the announcement on April 8, 2013, that Ericsson was entering into an agreement to purchase Microsoft's Mediaroom business.
NOTES TO EDITORS
Ericsson, including Ericsson Mediaroom, will be present at IBC in Amsterdam (September 13-17, 2013) to showcase its broad portfolio of TV solutions and services.
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Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world.
Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
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