BSkyB invests in ViXS SystemsTuesday, June 25th, 2013
British Sky Broadcasting Group plc (BSkyB) Invests in ViXS Systems Inc.
- Strengthens Partnership That Will Define and Deliver Leading Edge Silicon Solutions for Digital Media
TORONTO — ViXS Systems Inc. today announced that BSkyB (LSE:BSY) has made a strategic investment in the company. The investment was part of a recent private placement that was oversubscribed and raised more than $CDN 57.4 million as part of a going public transaction.
Media services providers face an increasingly challenging market where consumer demand for media consumption across all their personal devices continues to increase while at the same time new technology standards for content are being introduced into the broadcast ecosystem. BSkyB will use its relationship with ViXS to get a closer understanding of the semiconductor market, with a view to using this insight to inform its own technology roadmap.
ViXS has significant design wins in the television service provider market that give the company a deep understanding of trends and drivers for technology, business models, and consumer requirements that make providers successful. Key ViXS deployments include DIRECTV, Comcast and SlingBox, complemented by design wins with Arris, Cisco, Sagemcom, and LGE.
“We are pleased that BSkyB has invested in ViXS. It’s a clear indication of their confidence in our vision and expertise,” said Sally Daub, President and CEO, ViXS Systems Inc. “We look forward to working with BSkyB, one of the most successful pay TV providers in the world, to help them understand the potential applications that can be supported by next-generation chips.”