Tuesday, July 1, 2008

Espial Agrees to Acquire Kasenna

Espial agreed to acquire Kasenna. Espial is based in Ottawa, Canada and provides IPTV middleware and applications software. Kasenna is California based and provides video on demand systems as well as its own middleware software. The transaction is expected to close about July 9, 2008.

Espial has been working to move up the chain and become a prominent IPTV systems provider. Kasenna was an SGI spin off that has been providing video on demand systems for many years. While this acquisition will increase Espial's presence in the IPTV market, it still has a lot of work to do. Kasenna does have good market presence, other companies have more momentum now.

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