Amino Technologies plc (AIM: AMO) – a long awaited acquisition
Amino Technologies plc is the Cambridge-based leader in digital entertainment solutions for IPTV, OTT and in-home multimedia distribution. It sells over five million devices to cutomers in 100 countries. Today the Group announced that it has acquired Booxmedia Oy for an initial consideration of €7.9m.
Booxmedia is a Scandinavian company, founded in Helsinki in 2009. It is a Software-as-a-Service (SaaS) cloud TV platform provider. Its core product suite enables operators and service providers to launch “TV everywhere” services using an “off the shelf” cloud platform, removing the need to build their own bespoke technology infrastructure. The acquisition will significantly enhance Amino’s offering by adding a field-proven and scalable cloud-based platform which can enable ‘TV anywhere’ entertainment to a full range of IP connected devices, including smartphones, tablets, games consoles, set-top boxes and home gateways. It will also expand Amino’s addressable market to include mobile operators,…