It is agreed that the business of Aspiro TV, a company that enables multi-screen TV services, will be bought by the company’s management team and will be launched as NORIGIN MEDIA, a TV Everywhere company. This will be with effect from September 1st, 2013. The management group comprises of Espen Erikstad, Chief Executive Officer (CEO), Jussi Komonen, Chief Operating Officer (COO) and Ajey Anand, Chief Commercial Officer (CCO), who have been with the company for many years and are responsible for signing agreements with leading operators such as Deutsche Telekom, which have contributed to the company’s significant organic growth to date.
The newly incorporated NORIGIN MEDIA will be a privately held company. It was previously owned by the Aspiro Group, part owned by Schibsted Media AS. NORIGIN MEDIA will continue to be based in Scandinavia and will offer productised versions of the OTT TV streaming solutions that Aspiro TV has offered as services since the company was founded in 2004. Primary products comprise of NORIGIN MEDIA’s Hosted Live TV headend to support streaming solutions in Europe and the company’s TV Everywhere Hybrid Apps, which are offered globally.
“We pride ourselves in maintaining our 10 year industry leadership position, hosting TV and video solutions for service providers that span the entire multi-screen OTT TV value chain. We recently launched our Hybrid Apps product, which is already being endorsed by a number of large operators, broadcasters and media companies” said Espen Erikstad, CEO, NORIGIN MEDIA.
Jussi Komonen, COO, NORIGIN MEDIA said: “Taking NORIGIN MEDIA into private ownership will give us a greater strategic focus, and allow us to stay ahead of this quickly developing technology market place. It will also allow us tactical flexibility in execution so we can be more responsive to customer needs. We already count many of the biggest names in broadcasting among our list of customers and we fully expect to capitalise on this position by becoming independent specialists.”
“Since we started the business we have had the pleasure of serving a number of tier 1 operators and broadcasters, such as Telenor, T-Mobile Europe, Telefonica O2, the BBC, Eurosports, FOX and MTV, across many countries,” said Ajey Anand, CCO, NORIGIN MEDIA. “Using our Hosted Live TV headend capacity, which captures hundreds of live channels, we have delivered live streaming of premium sports events for many years including the ‘Bundesliga’. We will continue to specialise and grow within this multi-screen OTT TV space and look forward to some new and exciting announcements about our productised Hybrid Apps and live TV hosting services.”
Ahead of the MBO process; NORIGIN MEDIA was formed as a company in 2004 and was originally named Rubberduck Media Lab. The company will exhibit at the IBC in Amsterdam, September 13th-17th, at the Connected World, Stand 14.272.
For more information, please visit http://www.noriginmedia.com or contact:
Chief Commercial Officer
Tel: +47 414 977 69
Tel: +44 (0)20 7486 4900
NORIGIN MEDIA in brief:
NORIGIN MEDIA, a TV Everywhere company, enables multi-screen and OTT services for broadcasters and content owners. The Scandinavian company offers a complete multi-screen application suite, including Hybrid Apps and a Live TV hosting headend capacity as primary products.
The company has provided solutions for T-Mobile, France Telecom/ Orange, Nextel, Eurosport, TV2 Denmark, BBC, MTV, FOX and other reputable customers. The privately held company is headquartered in Oslo, Norway. For further details, please contact: firstname.lastname@example.org (www.noriginmedia.com)