Accenture bolsters video skill set by acquiring Nokia Siemens Networks' IPTV unit
Accenture on Monday acquired Nokia Siemens Networks' IPTV software, a move that will immediately enhance the systems integration and services company's over-the-top video capabilities with a broader set of integration and software components.
Neither Accenture nor Nokia Siemens Networks disclosed the amount of the deal.
Nokia Siemens Networks' IPTV software and related assets will be integrated with Accenture's over-the-top Video Solution, one that it says "enables companies to launch new over-the-top TV and services quickly and economically while reducing the initial costs of IT and infrastructure set-up."
Accenture already has a broad set of customers for its Video Solution, and it will now be able to add to its video capabilities a full suite of technology integration services for any vendor and any video platform. These service providers can then enable their respective users to access video services over their broadband networks and on any device, including everything from wireless smart phones and tablets to personal computers and TV sets.
"The combination of Nokia Siemens Networks' IPTV assets with Accenture's over-the-top TV software and capabilities, will deliver an exciting new combination of services to the global video industry," said Marco Vernocchi, managing director of Accenture's Media & Entertainment industry group, in a release announcing the purchase. "The scalable and flexible end solution we are creating will help video service providers dramatically change the way they approach content distribution while balancing costs."
And for Nokia Siemens Networks, this sale signals yet another move the Finnish-based company has made to divest more wireline-related assets as it refocuses its attention on the mobile network industry.
Following the sale of its access unit to ADTRAN (Nasdaq: ADTN) in addition to the sale of WiMAX business to Skyview's NewNet late last year, this is the third asset that Nokia Siemens Networks has sold off in the past year.
More recently, Nokia Siemens Networks confirmed it's trying to sell off its OSS/BSS business, with Ericsson--which earlier this year acquired Telcordia--rumored to be a potential suitor. However, Nokia Siemens Networks has yet to confirm any rumors about who is actually interested in making an offer on the OSS/BSS unit.
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