Espial believes the combined company operations will provide strong synergies including:
- Increased revenue and customer base.
- Increased scale and resources to deliver rich HTML5 user experiences and integrated clients across set-top boxes and multi-screen devices.
- Expanded customer footprint in Europe, North America and Asia including major TV operators, set-top box manufacturers and Smart TV manufacturers.
- Additional depth of intellectual property including client and user experience products, technologies and patents.
- Increased presence of European operations.
"The TV market has continuously evolved to bring an ever richer set of video services to consumers over managed networks and the open Internet to a wide range of consumer devices" said Royston Hoggarth, Chairman of ANT. "The combination of Espial and ANT provides the increased scale and HTML5 expertise for Espial to further its leadership position in this very valuable market. We believe the combination of these two market leaders will benefit and help intercept the growth of this market".
Readers are cautioned that the proposed acquisition is subject to ANT shareholder approval, sanction by the Court, and various other customary closing conditions. There can be no assurance that the proposed transaction will be completed on the terms described in this press release, on the expected timeline or at all.
About EspialEspial is a leading supplier of digital TV and IPTV software and solutions to cable and telecommunications operators as well as consumer electronics manufacturers. Espial's middleware, video-on-demand, and browser products power a diverse range of pay-TV and Internet TV business models. Over 10 million licenses of its patented software are in use across the world. Espial is headquartered in Ottawa, Canada and has offices in the United States, Europe, and Asia. Visit www.espial.com or contact via phone at +1 613 230 4770. About ANT ANT plc ( www.antplc.com) develops and deploys embedded software solutions and services for the TV industry. Its Galio Suite, a browser, client and applications stack, is an open standards based, flexible application & middleware solution for a wide range of consumer TV platforms. Using its experience of TV, ANT provides powerful solutions to its customers by combining consultancy and engineering services with its highly capable platform products. ANT's software has been extensively deployed by customers throughout the world including ADB, Amino, Bouygues Telecom, Cisco, Chunghwa Telecom, Coship, HwaCom, France Telecom, Humax, Pirelli, Sagemcom, Samsung, Technicolour, Telecom Italia and YouSee. ANT plc's shares are listed on AIM, a London Stock Exchange regulated market, under the ticker ANTP (Reuters: ANTP.L, Bloomberg: ANTP.LN).