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Civolution acquires Thomson STS Watermarking Business
July 28, 2009
Source: Civolution
Civolution announced that it has acquired
the Software & Technology Solutions (STS) watermarking
business from
Thomson.
With this acquisition Civolution will
be able to offer a broader and richer portfolio of content identification
and tracking technologies to enhance its current technologies,
products and services. The combination of the two businesses
will generate a unique technology and service solutions provider
that will benefit media content owners and distributors in the
fast growing market for audio and video content tracking, management
and monetization. As a result of this amalgamation, Thomson
will become a shareholder in Civolution.
“As an independent company following
the acquisition of Teletrax and Civolution’s successful
spin-out from Philips Royal Electronics last year, this latest
acquisition is a natural next step in the execution of our
strategy,” says Civolution CEO Alex Terpstra. “In
these volatile economic times, we aim to become the most secure
and trusted player in the industry offering our customers
unrivalled technical excellence and support. The combination
of the Thomson STS team, with its rich heritage as an innovative
developer of technologies, and the ground-breaking expertise
of the Civolution team, creates a uniquely
talented group.”
Thomson continues to be committed to the
content identification market and has agreed to enter into
a technology collaboration with Civolution to develop new
solutions for monetizing content.
Civolution’s lead investor since its
spin-off from Philips, Prime Technology Ventures (PTV), has
committed to provide the necessary funding, endorsing the
company’s strategy to build further on its position as
a leader in content identification technology and services
in the
media industry. “We are delighted to support Civolution
with this next strategic step to industry leadership, in line
with PTV’s investment strategy,” says Sake Bosch,
founder and managing partner at PTV.
The integrated Civolution business
will be exhibiting at the upcoming IBC 2009 conference in
Amsterdam, The Netherlands (September 11-15), booth 5.B18.
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