Ericsson completed its previously announced acquisition of Microsoft's Mediaroom business and TV solution. The deal, which was first announced in April 2013, makes Ericsson the world's largest, by market share, and the most experienced provider of IPTV middleware technology and solutions.
The Mediaroom IPTV platform holds about a 25% share of the global IPTV market. Mediaroom-powered TV services are offered by nearly 60 of the world's leading operators, delivering services to almost 13 million households, and close to 24 million set top boxes, throughout the world. Customers include AT&T U-verse, Entertain of Deutsche Telekom, Telefonica, TELUS Optik TV and Swisscom.
Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions at Ericsson said: "This acquisition places us even more securely at the heart of an exciting and highly innovative industry. IPTV subscribers alone are predicted to grow by more than 18% each year to reach 105 million subscribers and revenue of USD 45 b. by 2015. By incorporating Mediaroom into our broad portfolio of solutions we will ensure our customers have the ultimate partner as they transform towards true TV Anywhere multi-screen services and optimized video delivery in any network"
Mediaroom is based in Mountain View, California, and is comprised of more than 400 people worldwide. The former Mediaroom business unit, including staff, will be integrated into the Ericsson group under the Business Unit Support Solutions, and will be called Ericsson Mediaroom .
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