Zenterio recently closed an investment round that brought SEK 115 million in new capital shares from Nordic investors. The capital will be used to finance continued rapid growth ahead of an IPO on Nasdaq OMX Stockholm’s main listing, planned for within the next 12 months.
Today there are about 650 million households worldwide with a Pay TV subscription, which constitute the base for Zenterio’s potential market. This market is growing rapidly as the world transitions from analogue to digital TV-broadcasting and as more and more households get connected to the Internet, both of which create new possibilities for Pay TV solutions. The market for TV operating systems is therefore not much smaller than the equivalent market for PCs.
The company has increased licensing volumes for its operating system Zenterio OS in 2014 to date due to the business deals made in 2013. We are looking ahead to leverage our installed licensing base to deliver new interactive services such as advertisement, applications, gaming, video and music to TV operators around the world.
“Zenterio has seen a large influx of new business deals with international TV operators during the last few months. With this targeted investment round, Zenterio has secured capital initially needed for an IPO within a year and to meet increased demand on the global market. We will now bring the company to positive results, expand quickly and maintain our independent market position,” said Olli-Pekka Kallasvuo, Board Chairman, Zenterio.