Ericsson completes Mediaroom acquisition
Deal positions Ericsson as major player in IPTV technology sector
Ericsson has 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 provider of IPTV middleware technology and solutions by market share.
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 13m households, and close to 24m set top boxes globally.
Per Borgklint, senior VP and head of business unit support solutions at Ericsson, said: “This acquisition places us even more securely at the heart of an exciting industry. IPTV subscribers alone are predicted to grow by more than 18% each year to reach 105m subscribers and revenue of $45bn 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 optimised video delivery in any network.”
Mediaroom is based in Mountain View, California, and employs 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.