Advanced Television

Teleste buys Ortikon

February 8, 2008

Teleste has acquired the Finnish software and video service solution provider Ortikon Interactive Ltd. Founded in 2000 Ortikon develops complete integrated software solutions designed for video business. The company supplies the related comprehensive systems mainly for European cable operators.

As demand for the new video services increases in Europe the market share of digital headend central control devices and, in particular, comprehensive IP based solutions is growing rapidly. The company says this acquisition expands Teleste’s provision of IPTV systems, which in turn, enables Teleste to serve telecom operators in addition to cable operators. The two companies have a history of cooperation; Teleste has delivered products of Ortikon as part of Teleste’s complete headend systems, for instance, to Digicable Networks in India.

The former principal owner and CEO Seppo Kalli will continue in his current position as CEO.

Categories: Articles, Business, M&A