Former Open TV boss James Ackerman has joined Accedo as the company’s new chairman.
The appointment comes as the Stockholm-based developer received a $10 million investment from equity fund SEB Private Equity.
Early investors, including Industrifonden and Acacia, are now pulling out of the company as part of a planned exit strategy.
“We’re excited to partner with SEB Private Equity to go to the next level. They share our vision of the market development and what a company like Accedo can deliver to truly transform the way consumers experience video services. We firmly believe that we’re still only in the beginning of the transformation of video consumption as we know it and we’re looking forward to continue our 12-year growth trajectory in the future.” said Michael Lantz, CEO and co-founder, Accedo.
New chairman Ackerman has also worked with A&E, BSkyB and Broadway Systems.
“It’s rare to see a transformation of an industry such as what we’re seeing in the TV industry at the moment. The traditional value chain is evolving with new and existing players embracing OTT technologies to reach consumers and monetise video content in new and innovative ways. I believe that Accedo is perfectly positioned to continue to drive that change, help customers embrace the future opportunities and turn TV Viewers into video lovers. I’m thrilled to be working with Michael Lantz, Fredrik Andersson and the rest of the Accedo management team to fulfil Accedo’s potential” says James Ackerman, chairman of the board, Accedo.
