£2.5m acquisition improves Amino’s scale and product range
Cambridge, UK November 20, 2008: Amino Communications, the world leading IPTV platform supplier, announced today that it has signed a sales and purchase agreement for the acquisition of Tilgin AB’s IPTV Set-Top Box (STB) division.
The purchase of Tilgin IPTV, which offers a range of H.264 HD IPTV STBs within its “Mood” product line, will further enhance Amino’s award-winning product portfolio and add new software functionality across its entire range.
The acquisition will also give Amino immediate access to additional middleware solutions – such as Ericsson and Nokia Siemens Networks – as well as extending the Group’s customer reach. Amino expects to enjoy R&D cost synergies delivered through the development and maintenance of common ST Micro based STBs.
“Tilgin IPTV is the perfect acquisition for Amino, delivering an extended product portfolio with exciting leading-edge features as well as valuable middleware partners and wider customer reach.” said Andrew Burke, CEO of Amino. “The market is demanding consolidation coupled with innovation and Amino is ideally placed to deliver this elusive mix as the shape and nature of the IPTV industry evolves.”
Based in Kista (north of Stockholm), Sweden, Tilgin IPTV is a leading edge technology player within the European IPTV market with a proven record in delivering large quantities of products and advanced systems having sold and delivered almost 500,000 STBs.
New features stemming from the acquisition will include picture-in-picture, whole-home connectivity and green-power: all designed to satisfy a growing market demand.
About Amino Communications:
Amino is the specialist in products and technology for IPTV, Internet TV and in-home multimedia distribution.
Amino products provide telecom, broadcast and hospitality firms with a 'front door' to IPTV: a range of software and set-top box systems that can be tailored to offer highly scalable and targeted systems. The award-winning AmiNET™ range is used by leading service operators in over 80 countries.
Amino's 'AssetHouse' technology takes IPTV to the next level, allowing clients such as BT Vision to think like retailers and package, personalize and refresh extra revenue-generating services to viewers. This opens the door for content producers, telecoms companies, broadcasters and web TV firms to maximise opportunities through better services, targeted content and greater choice.
Amino Communications and AssetHouse are wholly owned subsidiaries of Amino Technologies PLC. Listed on the London Stock Exchange AIM, symbol AMO. Amino's HQ is based near Cambridge, UK, with offices worldwide.
PR contacts for Amino:
Kate Cartmell, Amino Communications
Buckingway Business Park, Anderson Road, Swavesey, Cambridge, CB24 4UQ.
T: +44 (0) 1954 234 100
Sebastian Mathews, FD
Holborn Gate, 26 Southampton Buildings, London, WC2A 1PB
T: +44 (0) 20 7269 7158
This press release was distributed by ResponseSource Press Release Wire on behalf of Amino Communications in the following categories: Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.