Viaccess acquires ORCA for $21M

Orca Interactive announced that it has signed an agreement with Viaccess, a France Telecom subsidiary. Under the agreement, Viaccess will acquire a 100-percent stake in Orca for an estimated price of 21.4 million US dollars.

The completion of the transaction is subject to conditions precedent and notably to the approval of the transaction by the extraordinary general meeting of Orca Interactive.

Viaccess is a leader in the field of content protection, with conditional access and DRM solutions delivered in over 30 countries. Viaccess is a European leader in IPTV with over 1.2 million active subscribers worldwide.

Through this acquisition, Orca and Viaccess will improve their respective market positions, and enhance their ability to smoothly deliver innovative solutions with a powerful integrated IPTV platform.

“Viaccess’s investment in Orca proves that we are standing at the brink of a new era, firmly cementing IPTV’s role in the consolidation of telecommunications services,” commented Haggai Barel, CEO of Orca Interactive. “As a true industry pioneer, Orca Interactive has continuously led the IPTV revolution with cutting-edge technology and a flexible middleware platform designed to make next-generation TV services a reality. Today’s announcement represents a significant milestone both for Orca and for the IPTV market at large.”


back