Broadpeak, a Technicolor spin-off today announced that it completed the acquisition of its core software technology from Technicolor in exchange for a minority stake in the company.
Paris & RENNES, France — April 10, 2012 — Broadpeak, a Technicolor (Euronext Paris: TCH) spin-off providing content delivery networks (CDN) and video-on-demand (VOD) servers for cable, IPTV, and over-the-top (OTT) operators worldwide, today announced that it completed the acquisition of its core software technology from Technicolor in exchange for a minority stake in the company.
“Today marks the final step in Broadpeak’s spin-off process from Technicolor,” said Jacques Le Mancq, President and CEO, Broadpeak. “Acquiring core technology from Technicolor will provide Broadpeak with the proper assets to develop our leadership in content delivery network solutions and accelerate our innovation programs.”
This new milestone will enable Broadpeak to further broaden its open ecosystem of partners, including conditional access providers, video headends suppliers, middleware and service platform vendors or home device manufacturers, for the ultimate benefit of its customers.
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About Broadpeak (www.broadpeak.tv)
Broadpeak designs and manufactures video delivery components for Network Service Providers deploying IPTV, Cable and OTT services. Its portfolio of solutions and technologies powers the delivery of movies, television programming and other content over managed networks and the internet for viewing on any type of device. The company’s systems and services help operators increase market share and improve subscriber loyalty with superior quality of experience.
Broadpeak supports all of its customers worldwide, from simple installations to large delivery systems reaching capacities of several simultaneous million streams.
Broadpeak systems leverage the long legacy of Technicolor’s excellence in broadcast and broadband content delivery from where the founders and technology originated.
Broadpeak is headquartered in Rennes, France.
More information about Broadpeak is available at www.broadpeak.tv.
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Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business.
Our commitment: Enhance media experience on any screen, in theaters, at home and on the go.
Euronext Paris: TCH - www.technicolor.com