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NEP extends OTT video proposition with Stoneroos acquisition

Financial details of the acquisition have not been revealed

NEP the Netherlands has acquired Dutch IPTV and content discovery software developer Stoneroos.

Stoneroos, founded by Annelies Kaptein in 2001, offers interactive TV applications and content discovery services that provide users with comprehensive metadata and enriched content. The company employs 18 developers and designers.

NEP said Stoneroos will remain operating and communicating under its own name for the moment, and will be integrated into NEP Media Solutions at sone point in the future. The name Stoneroos and accompanying brand identity will then disappear.

Ralf van Vegten, managing director NEP The Netherlands: “We’re very happy to add Stoneroos to our portfolio. With this acquisition, we can strengthen our OTT proposition even more, and we can also extend our team of developers. We therefore can continue to grow our business, build on a strong(er) team and also pursue our international ambitions.

“In our business it’s about our people and we’re very happy with all of the talented people that Stoneroos brings along. We’re looking forward to welcome our new colleagues and build further on our organisation to serve our clients in the best way possible.”