Looking to grow its business in an expanding market, Internet protocol television provider Espial (News - Alert) Group Inc. has filed a preliminary prospectus with securities regulatory authorities in Canada for an initial public offering, according to Canadian online press reports.
This offering will reportedly be underwritten by a syndicate of underwriters led by GMP Securities L.P. and Genuity Capital Markets G.P.
Espial provides open, modular, customizable, and carrier-grade IPTV middleware and applications that are deployed with communications and entertainment service providers globally. The company announced in March that its Evo IPTV middleware had reached 1 million subscribers.
Espial's IPTV (News - Alert) service platform, which can be purchased as separate components or as part of a pre-integrated client-server solution, includes Evo Client, Evo Server, Evo Future-Proof Framework (FPF), Evo SkinTones, and applications such as Electronic Program Guide, Video on Demand, Interactive Content Portal, Games, and Evo Browser.
Despite some growing pains, global IPTV equipment sales topped $1 billion last year, and are expected to continue growing rapidly through 2010, say market analysts.
Spencer Chin is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
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