--Former CEO/Founder, Dalen Harrison, to Remain on Company's Board
Portland, Oregon-based interactive TV authoring solutions provider, Ensequence (note: the company--whose customers include MTV Networks, NBC Universal, ESPN, MLB Advanced Media, QVC UK, HSN, Nike, Ford Motor Company, Hewlett-Packard, Comcast, DirecTV, Time Warner, DISH Network, Verizon and BSkyB--has raised over $100 million to date), announced last week that it had secured an additional $20 million in funding, and that it had appointed Peter Low, who was formerly president and COO, as president and CEO.
--Reports Lower Revenues, Swings to a Loss
VOD, IPTV and advanced advertising technology provider, SeaChange International, announced Tuesday that it has acquired all the issued share capital of eventIS, a privately owned Eindhoven, Netherlands-based company that provides VOD and linear broadcast software and services to cable and telco operators primarily in Europe. According to SeaChange, in 2008 eventIS generated US GAAP revenues of approximately $13 million and turned a profit. The company has around 70 full-time employees.
VOD technology provider, Concurrent, has released financial results for its fiscal fourth quarter and year, ended June 30th:
--Says General Catalyst Will Help it Strengthen Relationships with Big Media and Cable Companies
--Aims to Bring its Platform to More Connected Devices, Attract More Developers, Add More Content
In a posting on over-the-top-TV specialist Boxee's blog, Wednesday, the company's founder and CEO, Avner Ronen, announced that it has closed a $6 million Series B funding round that was led by Boston-based General Catalyst, with participation by existing investors, Spark Capital and Union Square Ventures (note: the company raised $4 million in a Series A round that closed last November). As part of the financing package, General Catalyst managing director, Neil Sequeira, will join Boxee's board.
--Reports Higher Q2 Revenues and Lower Losses
Rovi (formerly Macrovision--for more on the company's name change and the repositioning it heralds, see the interview with Rovi chief evangelist, Richard Bullwinkle, that was published on itvt.com, July 16th) announced Thursday that it has signed a multi-year global agreement with TiVo which it says will allow the latter to incorporate Rovi TV, movies and music data into its DVR's and into its technology and service solutions targeted at cable, satellite and broadcasting companies.
ADB Group, the parent company of interactive TV software specialists, Vidiom Systems and Osmosys, and set-top vendor, ADB, has released financial results for the first half of 2009:
Softel Group Divests Aston Broadcast Video Graphics Business to Focus on Interactive TV and Subtitling
The Softel Group announced Monday that it is selling its video graphics systems company, Aston Broadcast, for an undisclosed amount to real-time graphics specialist, Brainstorm Multimedia. According to the company, the sale of Aston Broadcast is the latest in a number of major changes that have been initiated by CEO, Sam Pemberton (who was formerly president and CEO of Softel's Softel-USA arm--which he also founded), since he took the helm of the company back in July, 2007.
--Plans to Use Funding to Develop its Online Video Syndication Technology
5min, a US-Israeli company that operates a syndication platform and destination Web site for how-to videos, announced last week that it has secured $7.5 million in Series B funding, bringing the amount it has raised to date to nearly $13 million. The round was led by new investor, Globespan Capital Partners, and also saw the participation of existing investor, Spark Capital. Globespan managing director, Jonathan Seelig, will now join 5min's board of directors.
--Also Announces Strategic Partnership with Playtech
NetPlay TV, a UK-based company that specializes in "live" interactive TV gambling (note: the company recently acquired Two Way Gaming, a joint venture between Two Way TV and Win Gaming, and, as part of that deal, has taken over the production of interactive TV gaming channel, Challenge Jackpot, which offers programming on the UK's Virgin Media cable, Sky satellite and Freeview digital terrestrial platforms--see article posted on itvt.com, May 19th), announced last week that it has conditionally placed 58,352,476 new ordinary shares of £0.05 each, at a price of £0.22 per share, raising gross proceeds of £12,837,545.
Israel's The Box Secures Funding from Greylock Partners to Target US and Other International Markets
--Company's Offerings Include "CelebZ," a Viewer-Driven, Animated Interactive TV Series
The Box, an Israeli company that bills itself as specializing in developing "content for broadcast entertainment and advertising that seamlessly integrates multiple forms of media, including television, Internet and mobile, into an innovative blend of advertising and entertainment," said Thursday that it has received an investment of "several million dollars" from VC firm, Greylock Partners (note: the latter's other investments include Facebook, LinkedIn, ZipCar and DoubleClick).
--Investment Is Largest-Ever by Italian VC, Innogest
beeTV, a Milan-based company that offers a platform which it says allows viewers to choose the TV shows they want to watch by presenting them with a "personal content channel" (the platform was unveiled in the US at the DEMOfall 08 conference in San Diego last September--see [itvt] Issue 8.06 Part 2A), announced Wednesday that it has completed a Series B funding round that saw it raise $8 million.
Interactive TV and advanced advertising technology provider, OpenTV, announced late Tuesday that a special committee of its board of directors has rejected an unsolicited proposal by its largest shareholder, Kudelski (note: the latter has an approximately 27% stake in the company that gives it approximately 75% voting control), to acquire all outstanding shares of OpenTV Class A ordinary stock not already owned by Kudelski. The committee determined that the price of $1.35 per share offered by Kudelski was "inadequate and not in the best interests of the Company and its stockholders," OpenTV said (note: the company's share price was $1.74 at the close of business Tuesday).
Interactive TV and advanced advertising technology provider, OpenTV, announced its first-quarter financial results Thursday:
--Revenues totaled $29.4 million, compared to $33.8 million for the year-ago quarter. Royalties and licenses revenues decreased 2.7% to $21.6 million, and services and other revenues decreased 32.8% to $7.8 million.
--Revenues from the company's Middleware Solutions segment totaled $27 million, compared to $30.1 million for the year-ago quarter. Contribution margin from the segment was $10.9 million, compared to $13.7 million for the year-ago quarter.