By Ian Walker
Swedish wireless network company Ericsson (ERIC) said Thursday
it is buying Massachusetts-based Azuki Systems Inc. for an
undisclosed sum, extending its TV and media portfolio.
Azuki Systems is a provider of TV Anywhere delivery platforms
for service providers, content owners and broadcasters. Its
customers are cable operators, IPTV (Internet Protocal television)
providers, mobile network operators and content owners. The company
has 49 employees.
"We are executing on our TV&Media strategy and Azuki adds
key technologies and capabilities to extend our market leadership
position," Per Borgklint, senior vice president and head of
business unit support solutions at Ericsson said.
"Traditional TV is shifting rapidly towards TV Anywhere. Azuki
Systems further positions Ericsson to help customers deliver on the
Networked Society's global demand for customized and personalized
media experiences that include content on any screen, any time
across any network," he added.
Azuki Systems will be incorporated into the Business Unit
Support Solutions when the deal is completed, which is expected
before the end of February.
Write to Ian Walker at ian.walker@wsj.com
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