UK TV technology company Oregan Networks has acquired the assets of Swedish TV tech outfit Zenterio, taking over its engineering and delivery teams located in Linköping, Sweden and Guadalajara, Mexico.
The purchase, which took place on September 24, will boost Oregan’s ability to scale its multiscreen platform innovation and project delivery capabilities, as well as enabling the company to offer support continuity to Zenterio’s existing customer deployments, according to the company
Oregan said that the acquisition followed on from a due diligence process, including assessment of technology, team capabilities and customer obligations, allowing it to address the immediate requirements of the Zenterio TV footprint.
The company said expects to post positive financial performance for the fiscal year, and is undertaking an aggressive expansion plan, with further engineering recruitment planned in UK, Sweden, Mexico and Eastern Europe.
Zenterio, whose most prominent client for its bespoke TV set-top software has been Deutsche Telekom, saw its revenues drop sharply as Android TV Operator Tier’s popularity amid tier two and three operators rose.
VP of market strategy Milya Timergaleyeva told DTVE that the attraction of Zenterio for Oregan is the company’s significant market share in the Linux set-top software market. She declined to comment specifically on Zenterio’s contract with Deutsche Telekom but said that the company’s customer base and engineering skillset was a good “strategic fit”.
Timergaleyeva told DTVE that the company would combine Zenterio’s technology with Oregan’s own to continue to serve Zenterio’s legacy base. She said that the company would be focused on augmenting the functionality of Zenterio’s middleware by enabling the integration of OTT TV services such as Netflix as part of the user experience.
Additional features planned for delivery to some of the Zenterio OS based deployments include MPEG-Dash based streaming, Multicast ABR and Widevine DRM, along with enabling of Netflix, Amazon Prime Video and YouTube services.
Timergaleyeva said that one of the core strengths of the combination was joining Oregan’s expertise in the burgeoning Android TV Operator Tier market with Zenterio’s legacy base in the Linux market.
The addition of Zenterio’s Guadalajara Mexico facility will give the company additional reach in the Latin American market, while it will seek to combine the companies EMEA assets in a way that ensures operational efficiency going forward.
Announcing the acquisition, Oregan’s CEO, Mark Perry said, “As part of the overall industry-wide consolidation to drive greater operational efficiencies and roadmap acceleration, we are pleased to welcome our new team members. The former Zenterio talent further strengthens our expertise in pay TV systems, whilst offering uninterrupted support to Zenterio’s prominent global customers and partners. We are delighted to have expanded our team with colleagues who share our culture of innovation and high-quality service.”
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22 April 2021 @ 17:30:00 UTC