CompleteTV Completes Acquisition of CIMA Technologies IPR and AssetsMonday, January 5th, 2009
Providing Chinese engineering team and significant Over-the-Top IPTV technologies
READING — CompleteTV, a UK company developing innovative set top technology for new generation Over-the-Top IPTV services, has announced the acquisition of the IPR and assets of CIMA Technologies (Hong Kong).
As an IPTV set top box developer, CIMA has been focused on both the IPTV and hospitality markets. CIMA has developed some highly competitive technology with its Elegance and Industria set top products and supporting software in the area of IPTV integrated web browsing and Adobe™ Flash Player user interfaces.
The CIMA development team in China will enable CompleteTV to accelerate its Over-the-Top development plans and also ensure the company can achieve a greater number of custom developments for new and existing customers.
Graham Skelton, CEO of CompleteTV, said “The true value of CIMA to the CompleteTV operation is the access to high quality and extremely cost effective development and test resources in China. The Over-the-Top IPTV market has a wide range of requirements; the acquisition of the staff, IPR and assets of CIMA will help to maintain our leadership in Over-the-Top IPTV and reaffirms CTV’s position as a truly global player.”
CompleteTV has established a Hong Kong office that will be headed up by Angus Kirkwood, who will become CompleteTV’s Vice President of Asia Operations.
CTV will continue to support the existing CIMA customer base with both CIMA and CTV products and will immediately embark on a product consolidation strategy to optimise the product line for various target markets.
In 2009 CTV will invest and grow the development and testing facility in China to support new, large volume contracts.