Middleware and applications company Espial has purchased IPTV technology provider Kasenna for the relatively low price of $6.6 million (€4.18m).
The privately owned Kasenna was held by a number of venture capitalists including Alloy Ventures, Artiman Ventures, CIR Ventures, Dresdner Kleinwort Wasserstein, Entertainment Media Ventures, Entrepreneurs Fund, Key Venture Partners, and US Venture Partners.
Jaison Dolvane, CEO, Espial said the acquisition would strengthen Espial’s position the IPTV, hybrid IP-DVB and hospitality segments. “The IPTV market remains early and fragmented, and service providers are looking for clear leaders that they can bet on. Acquiring Kasenna provides us with increased scale, expertise, product breadth and channel access to position ourselves as the leading choice for service providers worldwide”.
Kasenna’s European customers include Italy’s Fastweb and the Spanish Jazztel.
