This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Former Nokia CEO And Former Sony Ericsson CTO Join Zenterio

STOCKHOLM, January 17, 2013 /PRNewswire/ --

Zenterio recruits two top talents into its operation: Olli-Pekka Kallasvuo, former Nokia CEO, will take over as Zenterio board chairman and Mats Lindoff, former Sony Ericsson CTO, will serve as chief technical officer. A perfect addition to Zenterio - a Swedish company that develops an independent operating system for interactive TV sets and set-top boxes (STBs).

Zenterio is now ready for a world position in software for interactive TV.

"Zenterio's software platform is very impressive," says Kallasvuo, "it enables fast, easy service rollouts to viewers - a big benefit for TV operators."

Going forward, Zenterio's software has potential to become an equally important operating system on the TV side that, for example, Windows is for PCs.

Zenterio was launched in 2002, and its development center is in Linköping, Sweden. Its customer list currently consists of TV operators, global systems integrators, large TV and STB manufacturers, and one of the largest chip manufacturers.

Several independent research institutes estimate that, within a few years, the market for interactive TV, in terms of number of units, will be about half as large as the market for PCs.

"Zenterio's goal is to become a leading company in an industry that now has at least 650 million customers," says Kallasvuo. "Market growth increased substantially in connection with the switch from analog to digital TV - as households connected to internet, which enables more opportunities for various pay-TV solutions. This trend led to enormous interest in Zenterio's independent operating system."

"Kallasvuo and Lindoff have extensive experience and expertise from the Nordic region's most successful IT enterprises," says Per Skyttvall, CEO of Zenterio. "Their skill sets are perfect for Zenterio as it enters a new commercial phase."

Kallasvuo has had a long, successful career at Nokia, where he was CFO, head of the mobile division and president (2006-2010). He was also a Nokia board member and board chairman of Nokia Siemens Networks, until September 2011.

To ensure that Zenterio's technologies meet rigorous demands on a global operating system, Lindoff is assuming the CTO role. He has extensive international experience and has held various roles in Ericsson and Sony Ericsson (CTO). Lindoff was also a Symbian board member.

For more information http://www.zenterio.com

About Zenterio

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs