Broadcast News

Bookmark and Share
03/12/2012

Espial Signs To Acquire ANT

News Image
Espial, on-demand TV software and solutions provider, has entered into a cooperation agreement pursuant to which will see it acquire all of the outstanding shares of ANT plc in exchange for all cash consideration of £0.205 per outstanding share.
The offer values the issued ordinary share capital of ANT at approximately £5 million. ANT's board of directors has announced its support of the acquisition and has recommended that shareholders accept the offer.
Espial has already received irrevocable undertakings to vote in favour of the acquisition from holders of 47 percent of ANT's outstanding shares. The acquisition is expected to close in Q1 2013 pending receipt of necessary shareholder, court, regulatory, and other customary approvals.
ANT — headquartered in Cambridge, U.K. — provides IP, hybrid, and connected TV products and services. Its customers include major TV manufacturers, set-top box vendors, broadcasters, and service providers. ANT has successfully deployed its high-performance software featuring rich HTML5 user experiences across set-top boxes, tablets, and smartphones. In addition, ANT has built significant industry thought leadership through standards initiatives where, for example, they are a founding member of HbbTV, which is Europe's leading HTML5-based hybrid broadcast broadband TV standard.
"Multiscreen video services on set-top boxes, Smart TVs, tablets, PCs, and smartphones are quickly becoming the new expectation for today's consumers. Delivering a superior user experience across these devices is a critical element to the success of TV service providers," said Jaison Dolvane, CEO of Espial. "The acquisition of ANT provides Espial with the increased scale, resources, and depth of experience to extend our HTML5 market leadership. ANT provides rich expertise in delivering HTML5 user interfaces and applications as well as delivering complex vertically integrated client software solutions. We believe the acquisition of ANT will extend our capabilities to establish Espial as a clear market leader as TV service providers aggressively move to IP video delivery. We are excited about this combination and committed to working with ANT's existing customers and partners to ensure their ongoing success."
Espial believes the combined company operations will provide strong synergies including:
• Increased revenue and customer base.
• Increased scale and resources to deliver rich HTML5 user experiences and integrated clients across set-top boxes and multiscreen devices.
• Expanded customer footprint in Europe, North America, and Asia including major TV operators, set-top box manufacturers, and Smart TV manufacturers.
• Additional depth of intellectual property including client and user experience products, technologies, and patents.
• Increased presence of European operations.
"The TV market has continuously evolved to bring an ever richer set of video services to consumers over managed networks and the open Internet to a wide range of consumer devices," said Royston Hoggarth, chairman of ANT. "The combination of Espial and ANT provides the increased scale and HTML5 expertise for Espial to further its leadership position in this very valuable market. We believe the combination of these two market leaders will benefit and help intercept the growth of this market."
Readers are cautioned that the proposed acquisition is subject to ANT shareholder approval, sanction by the court, and various other customary closing conditions. There can be no assurance that the proposed transaction will be completed on the terms described in this press release, on the expected timeline, or at all.
www.espial.com
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

20/07/2017
CallMe Provides Broadcasters With Easy-To-Use Audio Over IP
CallMe is a cloud-based communications platform for audio codecs which handles all the complicated stuff and provides the user with a simple click-and
27/04/2017
Virgin TV & Dolby Appointed To DTG Council
Virgin TV's Director of Digital Entertainment Product Development, Louise Fussell, and Dolby Laboratories' Director of Imaging Standards and Technolog
28/11/2017
InTheBox, Gospel TV Launch Their First TV Channels With Veset's Cloud Playout
InTheBox and Gospel TV have announced the launch of their first TV channels using Veset Nimbus, the channel creation platform. InTheBox has introduced
17/10/2017
Timeline TV Provides Post-Production For 'Rabbit Punch'
Timeline Television has provided post-production for the short feature, Rabbit Punch. The 15-minute film tells the story of a teenager in search of a
04/10/2021
nangu.TV Reveals New Android TV Operator Set-Top Box
nangu.TV has unveiled a new Android TV Operator Tier set-top box, run on the nangu.TV platform, in cooperation with Orange Slovensko and CommScope. Re
12/12/2018
Guigo TV Launches OTT Offering Powered By VO's TVaaS Cloud-Based TV Platform
Viaccess-Orca (VO) has announced that Brazil's Guigo TV is launching a new OTT offering powered by VO's TVaaS cloud-based TV platform, VO's DRM soluti
06/12/2018
Insight TV - The Most Adventurous TV Channel In The World
Insight TV has significantly grown over the last three years and has recently partnered with TCL to create a Smart TV app. BFV talks to CEO Rian Beste
30/11/2018
Broadcast Solutions Implements HD TV-Studio Facility For Switch TV
Broadcast Solutions has implemented a new HD TV-studio facility for Switch TV, a new channel from Nairobi, Kenya. Broadcast Solutions with their Hunga
22/09/2017
Production News : Sheridan Smith To Star In One-Off TV Special
ITV has announced details of a special one-off television special with Sheridan Smith. Smith, who is a singer and multi award-winning actress, will he
08/01/2019
Viaccess Orca Teams Up With Technicolor
Viaccess-Orca (VO) has teamed up with Technicolor to simplify the delivery of Android TV experiences. VO's DRM solution and its secure VO Player have
28/03/2017
Call For Submissions For Edinburgh TV Festival Talent Schemes
Submissions are now open for the 2017 Edinburgh International Television Festival Talent Schemes programmes. The charitable organisation, whose missio
20/03/2017
Production News : Blind Date To Return To TV
Blind Date is to return to television screens later this year, it has been confirmed. The show – which saw singletons looking for love – was previousl
15/03/2017
247kit.tv Expands Range Of Products
West London's latest broadcast hire company – 247kit.tv – is now offering an even greater range of pro-broadcast equipment. Bob Mann, joint Managing D
17/07/2013
Espial To Showcase At IBC2013
Espial, provider of TV user experience (UX) solutions, is to showcase its recent HTML5 RDK innovations at IBC2013. The company will demonstrate the ne
12/06/2017
Graduate Film Shortlisted For TV Awards
A film made by graduates of the University of Wolverhampton's Video and Film Production course has been shortlisted at this year's RTS Student Televis