The end of the year is often a time to clean up loose ends, put a wrap on things, and tie a bow on unfinished business. Espial (News
) has made several announcements over the past few weeks that seem to be doing just that as the company looks ahead to 2008.
The Ottawa-based IPTV
middleware and applications provider announced that they had finalized a sales agreement and strategic partnership with Avail Media, a provider of content aggregation and IPTV (News
) transport services.
First announced in late November, the deal calls for Avail to act as a reseller of Espial’s Evo IPTV Service Platform to operators in the North American market.
“We are pleased with Espial’s Evo IPTV Service Platform which is open, flexible and carrier-grade. The Evo architecture allows us to seamlessly and rapidly integrate our access technologies and premium content,” said Ramu Potarazu, Chief Executive Officer of Avail Media. “This means our customers can accelerate their time-to-market for deploying differentiated IPTV services with a premium quality of experience.”
Furthermore, Avail Media revealed that nine North American service provider customers have already selected Espial’s Evo IPTV Service Platform as their middleware
, pre-integrated with Avail Media’s managed video content services.
Espial also recently announced the appointment of Pierre Donaldson to the position of Director of the Company. Donaldson is a Partner at JLA Ventures which is a major shareholder of the Company.
Over the past 22 years Donaldson has acquired extensive experience in the software and high-tech industries in executive roles across several companies, including president and CEO of Bioscrypt Inc.; executive vice-president, worldwide field operations, for the Descartes Systems Group (News
) Inc.; vice-president, sales and marketing for Treasury Services Co. (acquired in 1997 by Oracle Corporation); president and CEO of Virtual Prototypes Inc.; and several senior management positions with Dun & Bradstreet Software Corporation.
And so a year, which saw Espial navigate an IPO comes to a close. Espial’s stock price is down from their public offering, and management has seen some changes to the ranks, but the company is excited by the prospect of a brighter 2008 and an IPTV market that appears to be in the brink of exploding.
In fact with market sages pointing to the potential of broadband penetration in the United States and Europe growing from 25 million in 2002 to 290 million in 2008, analysts at Northern Star Research believe that the IPTV industry is trending positively, en route to a global IPTV subscriber base of more than 20 million users, generating revenues of $17 billion, by 2010.
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