Mediaroom is the worlds most deployed IPTV platform, serving almost 13 million consumer households
Acquisition confirms Ericsson as a world leader for cutting edge TV-over-IP delivery with a combined market share of around 25%
Deal represents a strategic addition to Ericssons multi-screen offering
Ericsson (NASDAQ:ERIC) has today completed the acquisition of Microsofts Mediaroom business and TV solution. Together with Ericssons existing capability, the acquisition places the firm as the worlds 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 worlds 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.
Todays closing follows the announcement on April 8, 2013, that Ericsson was entering into an agreement to purchase Microsofts Mediaroom business.
NOTES TO EDITORS
Photo and bio of Per Borgklint
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 http://www.ericsson.com/news/130827-game-changing-tv-anywhere_244129227_c
Recent Ericsson ConsumerLab report on the role of mobile devices in radically shifting TV and video viewing habits
More information about the acquisition can be found at www.ericsson.com/mediaroom
Download high-resolution photos and broadcast-quality video at www.ericsson.com/press
http://www.ericsson.com/timetoplay
https://twitter.com/EricssonTV
Ericsson TV on Google+
Ericsson TV & Media Management on YouTube
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 worlds 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 companys net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericssonpress
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations@ericsson.com
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Mediaroom is the worlds most deployed IPTV platform, serving almost 13 million consumer households
