Ericsson Buying Azuki Systems

Feb. 6, 2014
Ericsson (NASDAQ:ERIC) has entered into an agreement to acquire Massachusetts-based Azuki Systems...

Ericsson (NASDAQ:ERIC) has entered into an agreement to acquire Massachusetts-based Azuki Systems, a provider of TV Everywhere delivery platforms. The acquisition is expected to close before the end of February. Azuki will be incorporated into Ericsson's Business Unit Support Solutions division.

The acquisition is intended to extend Ericsson's TV and media portfolio, which includes the recent addition of Mediaroom from Microsoft (NASDAQ:MSFT), across devices and screens. In addition, Ericsson will gain additional functionality related to TV Everywhere services, including adaptive bitrate and content protection technologies.