Conax buys Secustream
May 21, 2008
Conax AS, the CA provider that is part of Telenor, has entered a contract to purchase 100 per cent of Secustream Technologies AS. Secustream delivers anti-pirate software solutions for interactive TV, including IPTV, PC-TV and web-TV.
Secustream was founded by NTNU (Norwegian Technological University) and Telenor in October 2006, and has been financed by Proventure Seed since March 2007. NTNU Technology Transfer AS has handled the growth and commercialisation of Secustream since its start-phase.
“The sale of Secustream provides the means to free our resources for further research and commercialisation at NTNU. This transaction strengthens the bond between NTNU and Telenor, and is positive for continued cooperation between NTNU's research environments and Telenor/Conax,” says NTNU's President, TorbjÃ¸rn Digernes. “Secustream's products will strengthen Conax's product portfolio for interactive TV. At the same time, Conax's significant market structure can provide Secustream's technology with an international breakthrough,” says Berit Svendsen, CEO, Conax.