The deal, which was first announced in April and is believed to be worth between $100 million and $234 million, confirms Ericsson as the world’s leading provider of TV-over-IP delivery, with a market share of around 25%.
Mediaroom is the world’s most deployed IPTV platform, its services being offered by nearly 60 leading operators to almost 13 million households and 24 million set-top boxes.
According to Per Borgklint, senior VP and head of business unit support solutions at Ericsson, “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 $45 billion 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 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 as of today (September 5).