Interactive TV Firm ActiveVideo to Acquire Avinity Systems

Authored by Mark Hefflinger on May 27, 2009 - 8:57am.

Los Angeles - In a marriage of interactive TV platform developers, Silicon Valley-based ActiveVideo Networks said on Wednesday that it will acquire Netherlands-based Avinity Systems for an undisclosed sum.

ActiveVideo said that the deal, combining companies that by the end of 2009 will have deployed interactive services to more than five million homes worldwide, will strengthen its technology and application offerings.

"The two companies were pursuing the same vision on different continents," said Gary Lauder, the chairman of ActiveVideo Networks.

"Fortunately, their strengths and technological assets are very complementary."

Lauder said that all employees from both companies are expected to be retained.

Once the deal is completed, ActiveVideo will have deployments with service providers such as Oceanic Time Warner Cable and Grande Communications in the U.S., Tele2 and Reggefiber in Europe and PCCW in Hong Kong.

Related Links:
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http://www.activevideo.com