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Edgeware to acquire Cavena

Deal adds subtitling automation to Edgeware's origin solution

Edgeware has announced plans to acquire Swedish subtitling expert Cavena Image Products AB, adding subtitling automation to Edgeware’s origin solution.

Cavena has more than 10 years’ experience supplying solutions to the broadcasting market, for customers including Sky, Canal+ and HBO Asia.

Cavena’s technology uses Optical Character Recognition to convert subtitles from image to text formats. The text is then passed on to Edgeware’s TV Repackager system, to create glitch-free OTT content for any language, including more complex Asian character sets.

Edgeware CEO Karl Thedéen said: “Our growing numbers of broadcaster customers are demanding the highest quality from their OTT services. We already work alongside Cavena’s systems in some of our largest deployments, such as myTV SUPER in Hong Kong, so it makes sense for us to offer a more integrated solution to those broadcasters, and to further enhance our origin solution, which is generating a lot of interest. It also gives us the opportunity to introduce our respective technologies to each other’s customers.”

Cavena Image MD Henrik Moberg added: “Subtitling is an important part of today’s TV services, enhancing the accessibility of valuable content. As more TV is watched online, our customers and prospects need to optimise subtitling to offer a high quality OTT experience. Working with Edgeware will allow us to integrate our technology into a broader origin solution that has been purpose-built for today’s online TV delivery.”

Edgeware will acquire 100 per cent of the shares in Cavena Image Products AB in a deal expected to close during Q1 2019.