Interactive TV technology provider Zenterio has agreed to acquire US-based VTilt Digital, an Atlanta-based software company specialising in digital video technology.
Zenterio said the SEK12 million (€1.3 million) deal – together with Zenterio’s 27M Group acquisition in September and Systemagic in December 2014 – is part of its expansion strategy for meeting increased demand for its interactive TV software solutions.
The deal also gives Zenterio a strengthened position in the North American market.
Zenterio said the VTilt acquisition finalised its programme of strategic acquisitions that was announced in connection with a capital injection that was implemented in late 2014.
“VTilt’s comprehensive competence is vital for Zenterio, particularly when it comes to IP-TV expertise and leading solutions that are currently installed with operators,” says Robin Rutili, CEO of Zenterio.
“We must quickly meet demand because we recently brought home many deals requiring us to replace these solutions. While VTilt is a small company, it has a top-notch reputation in the industry and is the perfect representative for Zenterio’s brand on the North American market. Going forward, the plan is to quickly expand the Atlanta office to be able to leverage business opportunities that are available in the US, Canada, and Latin America and to strengthen our partner network.”