ANT goes public on the strength of IPTV
From time to time, I find myself chatting with speculators about IPTV and possible public investment plays. One problem is the lack of companies who have IPO'ed. Here is news of one company in England that raised money just a few days ago:
ANT, which provides user interface software for the emerging internet protocol television sector, is hoping to strengthen its position through a listing on the Alternative Investment Market in London. The company raised approximately �11.2 million through an initial public offering. The proceeds will be used to strengthen ANT's position as a provider of user interface browsers for IPTV.
ANT produces a range of software products which are primarily aimed at the IPTV market. It has developed two TV browser products, Fresco and Galio, and a digital media manager, PurePlay. Customers include set-top box providers such as Amino, Pace, Sagem, Samsung and Thomson. ANT's browser software is employed in almost half a million IPTV set top box deployments worldwide. Deployments to date include France Telecom, SaskTel in Canada, Chunghwa Telecom in Taiwan and Softbank in Japan.
Posted by admin on March 26th, 2005 :: Filed under IPTV
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