Stockholm-based TV apps developer Accedo has acquired US rival CloverLeaf Digital for an unspecified amount, bringing over 50 deployed customers and a wealth of experience to Accedo.
CloverLeaf’s technology includes powerful TV application management and provisioning solutions, and will be integrated into Accedo’s portfolio of application solutions.
“We’re currently witnessing a revolution in the way consumers experience TV,” said Michael Lantz, CEO, Accedo. “Over the past 24 months, we have seen an accelerating pace of innovation within the TV industry from the proliferation of online connectivity to the TV set.
“We are just starting to see a transformation of the ecosystem for TV. By acquiring CloverLeaf, Accedo strengthens our unique position to innovate and provide attractive, next generation applications in this unprecedented evolution of the TV industry.”
The CloverLeaf team will form the basis of Accedo’s New York City office, headed up by CloverLeaf’s Managing Partner Lawrence Brickman.
As one of the leading providers of interactive applications in the US, CloverLeaf’s Interactive network is distributed in over 500 cities and serves a customer base of 50 telephone companies, cable operators, and other distributors of digital video with interactive applications and services.