Media protection and value-added service technology provider The Kudelski Group has sold the advertising business unit of its OpenTV subsidiary to media software and video infrastructure solutions specialist Imagine Communications.
“With this transaction, the Kudelski Group continues to streamline its business portfolio as it increases focus and investment in its core business of content security and digital TV solutions, as well as in new initiatives like cybersecurity,” said Yves Pitton, Senior Vice President, Advanced Advertising at OpenTV. “Imagine Communications is an experienced industry player, and the addition of our highly-regarded team and product portfolio represents an exciting opportunity.”
The products acquired from OpenTV include the EclipsePlus, Eclipse/xG Billing, Eclipse/xG Insights and Eclipse/xG Linear advertising traffic and billing solutions. Some of the world’s leading Cable MSOs use these products to manage over 1.2 billion spots and over $3.0 billion of advertising revenue annually. The acquisition will expand Imagine Communications’ media software portfolio with new capabilities for consolidated billing and extended support for both impression-based and ratings-based advertising.
“This investment reinforces our media software strategy and further deepens our strong commitment to the MVPD market segment,” said Charlie Vogt, CEO of Imagine Communications. “The advanced advertising management technologies we have acquired from OpenTV add new capabilities to our portfolio and complement our media, playout and networking platforms. The addition of the experienced and talented research, development and services team from OpenTV further expands our world-class engineering and support expertise to create new innovations for this growing market segment.”