Ericsson To Buy Azuki Systems

(RTTNews) - Ericsson (ERIC) said Thursday that it has entered into an agreement to buy Acton, Massachusetts-based Azuki Systems, Inc., a provider of TV Anywhere delivery platforms for service providers, content owners and broadcasters.

Azuki Systems extends Ericsson's leading TV and media portfolio which includes the recent addition of Mediaroom from Microsoft Corp. (MSFT). Through the acquisition, Ericsson will accelerate the availability of new and compelling viewing experiences across a variety of devices and screens. In addition, Ericsson will gain additional key functionality related to the deployment of TV Anywhere services, including adaptive bit rate and content protection technologies.

In addition, the acquisition brings a team of highly skilled software engineers from Azuki Systems. Azuki Systems has 49 employees.

The acquisition is expected to close before the end of this month.