In a move designed to strengthen its TV app solutions presence, Accedo, which provides applications, tools and services to media companies, consumer electronics and TV operators worldwide, has acquired US-based TV app solutions provider CloverLeaf Digital.
Based in New York City, CloverLeaf is seen as a pioneer in providing compelling interactive TV products to the North American IPTV and cable markets, counting over 50 deployed customers integrated with multiple middleware platforms. Accedo says the acquisition combines two of the leading interactive television applications companies in the world into a global interactive TV powerhouse.
“We’re currently witnessing a revolution in the way consumers experience TV. Over the past 24 months, we have seen an accelerating pace of innovation within the TV industry from the proliferation of online connectivity to the TV set. We are just starting to see a transformation of the ecosystem for TV,” commented Michael Lantz, CEO, Accedo, who said that by acquiring CloverLeaf, Accedo had strengthened its position to innovate and provide attractive, next generation applications in this unprecedented evolution of the TV industry.
CloverLeaf’s technology includes powerful TV application management and provisioning solutions and will be integrated into Accedo’s portfolio of application solutions, benefiting customers throughout the world. The CloverLeaf team will form the basis of Accedo’s New York City office.
Lawrence Brickman, Managing Partner at CloverLeaf, suggested that as part of Accedo, it would be better positioned to meet the rapidly changing needs of its customers in North America, while bringing its solutions and expertise to Accedo’s global customers. “The combination of Accedo and CloverLeaf creates a company with an unprecedented range and depth of interactive television expertise that will lead the development of new solutions and applications for the changing world of TV,” he asserted.
Brickman will head up Accedo’s New York office, with a brief to continue championing TV applications globally.