Zenterio AB (publ) postpones its Initial Public Offering
The Board of Directors of Zenterio AB (publ) has today decided to postpone the initial public offering that was earlier planned to take place during 2015. However, Zenterio will continue to prepare to be ready for a future initial public offering.
“The appointment of Jörgen Nilsson as CEO in April in combination with the strong business inflow from strategic customers that is shifting the company’s business model to higher scalability, has caused initiatives to transform the organization to better deliver on the company’s fast growing opportunity. The board has determined that it is in the shareholders’ best interest to complete the organizational transition and produce demonstrable proof of scalability before introducing the company to the stock exchange and has subsequently decided to postpone the IPO until such a point”, says Olli-Pekka Kallasvuo, Chairman of the Board.
For more information, please contact:
Jörgen Nilsson; CEO
Phone: +46 736 33 34 00
Mattias Arnelund; CFO
Phone: +46 70-789 5812
Zenterio provides Zenterio OS, an independent software platform for interactive TV that is positioned to become a global standard. Zenterio also offers consulting services and a value added service offering to pay TV operators. Zenterio partners with global system integrators, set-top box suppliers, CA/DRM providers, chipset manufacturers and providers of interactive services. Zenterio has more than 200 employees comprising 25 nationalities. Zenterio has offices in Stockholm, Linköping and Atlanta. Zenterio is owned by private investors and private equity firm Scope. The chairman of the board is former Nokia CEO Mr. Olli-Pekka Kallasvuo. For more information please visit zenterio.com.
About Zenterio OS
Zenterio’s operating system works with most types of hardware available on the market. For TV operators, Zenterio’s software enables fast harmonization of operators’ fragmented software bases, as it can be used on new as well as already deployed hardware. With a harmonized solution, operators can quickly and cost-effectively deliver new interactive services to end consumers. Besides unrivalled hardware support, Zenterio’s software offers market-leading performance and a flexible way to add new features. For system integrators, Zenterio OS is a key component in providing new interactive services for TV operators. For the viewers, this means an improved user experience, an increased range of services and greater access to new applications.