Imagine Communications acquires OpenTV advertising business unit30 October 2014
Imagine Communications has acquired the assets of the advanced advertising business unit of OpenTV from the Kudelski Group. Imagine Communications hopes to expand and enhance its advertising business systems portfolio, which already manages more than $25 billion in annual advertising revenue worldwide, and provide the multichannel video programming distributor (MVPD) markets with new capabilities for consolidated, multi-platform billing and extended support for both impression-based and ratings-based advertising.
The products acquired from OpenTV include the EclipsePlus, EclipsePlus/xG Billing, EclipsePlus/xG Insights and EclipsePlus/xG Linear advertising campaign management solutions. The products provide campaign management, traffic and billing, handling thousands of local and interconnected networks and channel environments. These software-based solutions are designed to help simplify and combine the billing and reporting from multiple order management and traffic systems into a single client invoice based on each ad’s metrics and pricing for any type of campaign.
“The acquisition of OpenTV’s advanced advertising business amplifies our commitment to the MVPD market and accelerates the investments we are making in our advertising business systems portfolio,” said Charlie Vogt (pictured), CEO of Imagine Communications. “The advanced advertising management technologies we have acquired from OpenTV add new capabilities to our portfolio and complement our media, playout and networking platforms. The addition of the experienced and talented research, development and services team from OpenTV further expands our world-class engineering and support expertise to create new innovations for this growing market segment.”
Steve Reynolds, CTO at Imagine Communications, added: “Broadband, the internet and mobility are substantially contributing to the changing viewing habits of the new video consumer, making the challenges of managing video advertising campaigns increasingly complex and impacting media companies’ ability to monetise their content. The advanced advertising assets acquired from OpenTV are the result of significant investments in innovation to resolve these challenges for MVPDs by streamlining operations, lowering costs, providing rich analytics, and managing the complexity of working across both traditional and new media environments.”