Accedo acquires Hibox

Accedo acquires Hibox, accelerates offering in Pay TV and Hospitality

STOCKHOLM, Sweden, and TURKU, Finland — Accedo, the video experience pioneer, today announced the acquisition of Hibox, a provider of advanced TV solutions for telecom, media, hospitality and healthcare. Both companies have grown out of the Nordic tradition of advanced technology innovations scalable to a global market. Together, the two companies power the video experience for hundreds of customers worldwide.

Michael Lantz, CEO, Accedo, commented: “We are thrilled to be joining forces with the highly talented Hibox team. Their world class products deliver great customer value and we can’t wait to present our joint solutions to the market.”

Hibox’s flagship Aura and Smartroom products will complement Accedo’s global offering of innovative TV software solutions and together with Accedo’s wide range of video experience solutions offer unparalleled flexibility and cost efficiency for customers.

Staffan Granholm, CEO and co-founder, Hibox, added: “Accedo’s global presence and award winning products and solutions complement Hibox’s offering well. We believe that Hibox has one of the best technology platforms in the world for the customer segments we support, and together with Accedo, we’re ready to grow even faster.”

The transaction will be completed in March and joint solutions are immediately available.