OTTAWA, Feb. 4, 2013 /CNW/ - Espial ® Group Inc. ("Espial" or the "Company"), (TSX: ESP), a leader in on-demand TV software and solutions, today announced that it has completed the previously-announced acquisition of ANT plc ("ANT"). After initially entering into a co-operation agreement with ANT on Nov. 30, 2012, Espial has purchased all of the outstanding shares of ANT in exchange for all cash consideration of £0.205 per outstanding share. The acquisition values the issued ordinary share capital of ANT at approximately £5 million.
"Delivering a high-quality user experience across set-top boxes, smart TVs, tablets and smartphones is crucial to the success of today's TV service providers," said Jaison Dolvane, CEO of Espial. "The ANT acquisition further strengthens Espial's position as an HTML5 market leader to help to accelerate TV service providers' transition to IP video delivery."
ANT, headquartered in Cambridge, UK, provides IP, hybrid, and connected TV products and services. Its customers include major TV manufacturers, set-top box vendors, broadcasters, and service providers. ANT has successfully deployed high-performance software featuring rich HTML5 user experiences across set-top boxes, tablets, and smartphones. The company has also attained significant industry thought leadership through standards initiatives as a founding member of HbbTV, Europe's leading HTML5-based hybrid broadcast broadband TV standard.
About Espial ( www.espial.com) Espial is a leading supplier of digital TV and IPTV software and solutions to cable MSOs 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 ( www.antplc.com) ANT plc 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 and 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).