The telecommunications equipment maker Ericsson today announced the acquisition of Mediaroom IPTV platform Microsoft . Mediaroom develops software that allows operators to offer TV over the Internet.
Mediaroom is used by television service providers such as AT & T U-verse, Entertain Deutsche Telekom, Telefonica and Swisscom. Currently is headquartered in Mountain View, California, and employs more than 400 people worldwide, according to The Next Web .
Microsoft has described the sale as “mutually beneficial and strategically aligned to both parties “. The Redmond company says the agreement allows fully focus on its strategy of television consumption through the Xbox.
Buying Mediaroom , which has 22 million decoders in 11 million subscribing households, make Ericsson the leading provider of IPTV and multiscreen, with a market share exceeding 25%. In his statement, the telecommunications equipment giant said the deal puts you in a position of market leadership for ‘TV Anywhere’.
Per Borgklint, senior vice president and director of Enterprise Solutions, Ericsson , said: “In the network society, Ericsson provides 50,000 billion connected devices. The video distribution will have a future impact on consumer behavior and consumption has been similar to that mobile voice. This acquisition contributes to Ericsson’s leadership position with more than 40 customers and serving more than 11 million subscriber households. In addition, Ericsson will be driven by some of the most talented people in the field of IPTV distribution. “
Operation is expected to close during the second half of 2013. The acquisition, whose financial terms were not disclosed, is subject to the approval of regulatory authorities.