Vestel global licensing agreement

Posted On: 13th May 2014

Zenterio AB and Vestel Elektronik ve Sanayi Tic. A.S have signed a global Software License and Distribution Agreement during the Anga Cable show in Cologne. This agreement provides Vestel with access to ZiDS, Zenterioís advanced DVB and Hybrid software solution for inclusion in their digital TV consumer electronics devices. The agreement provides a foundation for both companies to cooperate in targeting both the retail as well as the operator space with joint product offerings.

Robin Rutili Zenterio CEO said

“We are extremely excited to enter this agreement with a renowned company like Vestel. This provides Zenterio with an increased footprint and helps diversify the go-to-market opportunities.”
Vestel Group is comprised of 24 companies operating in manufacturing, technology development, marketing, and distribution fields in the consumer electronics, IT, digital technologies, and household appliances.
With USD 3.5 billion turnover Vestel accounts for 21% of the total TV, 10% of the LCD TV, 25% of the digital set-top boxes, and 10% of the household appliances markets in Europe.

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