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Civolution acquires Thomson STS Watermarking Business
July 27, 2009
Source: Thomson
Civolution announced that it
has acquired the Software & Technology Solutions (STS) watermarking business from
Thomson.
With this acquisition Civolution will be able to offer a broader and richer portfolio of content
identification and tracking technologies to enhance its current technologies, products and
services. The combination of the two businesses will generate a unique technology and
service solutions provider that will benefit media content owners and distributors in the fast
growing market for audio and video content tracking, management and monetization. As a
result of this amalgamation, Thomson will become a shareholder in Civolution.
“As an independent company following the acquisition of Teletrax and Civolution’s
successful spin-out from Philips Royal Electronics last year, this latest acquisition is a natural
next step in the execution of our strategy,” says Civolution CEO Alex Terpstra. “In these
volatile economic times, we aim to become the most secure and trusted player in the
industry offering our customers unrivalled technical excellence and support. The
combination of the Thomson STS team, with its rich heritage as an innovative developer of
technologies, and the ground-breaking expertise of the Civolution team, creates a uniquely
talented group.”
Thomson continues to be committed to the content identification market and has agreed to
enter into a technology collaboration with Civolution to develop new solutions for
monetizing content.
Civolution’s lead investor since its spin-off from Philips, Prime Technology Ventures (PTV),
has committed to provide the necessary funding, endorsing the company’s strategy to build
further on its position as a leader in content identification technology and services in the
media industry. “We are delighted to support Civolution with this next strategic step to
industry leadership, in line with PTV’s investment strategy,” says Sake Bosch, founder and
managing partner at PTV.
The integrated Civolution business will be exhibiting at the upcoming IBC 2009 conference in
Amsterdam, The Netherlands (September 11-15), booth 5.B18.
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