Thursday, 27 December 2007

Ericsson Acquires Spanish IPTV Consultancy and Systems Integration Company

Ericsson has acquired HyC Group, a Spanish company involved in TV consultancy and systems integration in a move that the telecommunications giant hopes to further underscore its position in the services and multimedia domains as a systems integrator of IPTV solutions.

IPTV is a key technology for telecom operators and service providers that aims to offer interactive and personalized broadband TV services to fixed and mobile users.

With the acquisition of HyC, Ericsson will further strengthen its ability to support operators and service providers in the solution design, installation, integration and operation of IPTV services.

The HyC acquisition follows Ericsson’s acquisition of Tandberg Television a provider in advanced video compression technologies, at the beginning of the year.

“Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson. I am pleased to announce this acquisition as it will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC’s skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering,” said Hans Vestberg, Executive Vice President, Chief Financial Officer, and Head of Global Services at Ericsson.

“We are proud to be part of the Ericsson Group. Customers will benefit from the combination of Ericsson's global presence and our niche expertise in a blooming technology,” said Hector Prieto, HyC General Manager.

Each year, Ericsson delivers more than 1000 systems integration projects, in multivendor and multi-technology environments, to operators and enterprises. Ericsson’s systems integration expertise covers multimedia services and service network, telecom management, IP-packet backbone, IP Multimedia Subsystem (IMS), satellite communications and National Security and Public Safety solutions.