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Video Compression Developer On2 Acquires Hantro for $58.4 Million

Authored by Mark Hefflinger on May 22, 2007 - 10:40am.

Tarrytown, N.Y. - On2 Technologies, a developer of digital video compression and streaming technologies, announced on Tuesday that it will acquire Hantro, a Finland-based developer of video technology for mobile devices, for about $58.4 million in cash and stock.

tags: Deals | Video | Streaming | Acquisitions | Hantro | Codecs | On2 Technologies |

Mobile Video Developer Hantro Secures Additional $5.2 Million Investment

Authored by Mark Hefflinger on January 11, 2005 - 10:39am.
Helsinki -- Hantro Oy, a Finland-based provider of video enabling technology for mobile handsets, announced this week that it has secured a further $5.2 million investment. A group led by CapMan, Nexit Ventures and Menire led the round. Hantro said it would use the investment to strengthen its position in the global marketplace. "Throughout the last year, it has been increasingly obvious that video services are forming a central part of the network operators' strategies for increasing average revenue per user (ARPU)," said Hantro founder and CEO Eero Kaikkonen. "Whilst we have heard some mention of proprietary formats for video compression, it is clear that the preference is for standards based technology, such as MPEG4 Simple Profile, H.263 and MPEG4 AVC / H.264." Hantro's current customers include Nokia, Agere, Freescale, T-Mobile, Vodafone, Alcatel, Quanta and Mtekvision.
tags: Investment | Mobile Video Developer | Hantro |