Accedo, Digiflare Get the Urge to Merge
In a deal that brings more consolidation to the multiscreen video app sector, Accedo and Digiflare have inked an agreement to merge.
Financial terms were not announced, but the combined company will keep the Accedo brand and will be led by Michael Lantz, Accedo’s current CEO. Fredrik Andersson, SVP of business development at Accedo; and David George and Mano Kulasingam, Digiflare’s co-CEOs, will take on senior leadership positions within the merged company.
The deal combines two companies that are focused on multiscreen video services and apps.
Accedo, a Sweden-based maker of multiplatform publishing systems and user interface products, was founded in 2004, and has a customer base that includes Netflix, NBCU, Spotify, Fox, Disney, Telefonica and HBO, among others.
In June, Accedo announced it has secured up to $10 million in additional capital to use toward growth initiatives and to expand product development while also enabling earlier investors in the company to exit. Accedo is also a licensee of the Reference Design Kit, the preintegrated software stack for video and data gateways being managed by Comcast, Liberty Global and Charter Communications (via its acquisition of Time Warner Cable).
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Toronto-based Digiflare was founded in 2008, and has a customer roster that includes Bell Media, PBS Kids, Rogers Communications, Charter Communications, Univision, Hearst, Verizon, CW Seed, PBS, Starz, and Vimeo. Of recent note, Digiflare announced it would integrate Penthera’s Cache&Carry managed video downloading platform with its cloud-based video app publishing platform, Videa.
“Accedo and Digiflare share the same vision for our industry and a similar entrepreneurial history,” Lantz said in a statement, noting that the companies have “highly-complementary products, a strong market position, and an impressive portfolio of customers and partners, who will directly benefit from our combined video experience solution offering.”
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