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Conax purchases Secustream Technologies
Conax AS, a subsidiary of Telenor ASA that delivers security solutions to providers of digital-TV, has entered a contract to purchase 100% of Secustream Technologies AS (www.secustream.com). Secustream delivers anti-pirate software solutions for interactive TV, including IPTV, PC-TV and web-TV.
May 13, 2008
Secustream was founded by NTNU (Norwegian Technological University) and Telenor in October 2006, and has been financed by Proventure Seed since March 2007. NTNU Technology Transfer AS has handled the growth and commercialisation of Secustream since its start-phase.
“The sale of Secustream provides the means to free our resources for further research and commercialisation at NTNU. This transaction strengthens the bond between NTNU and Telenor, and is positive for continued cooperation between NTNU’s research environments and Telenor/Conax,” says NTNU’s President, Torbjørn Digernes.
“Secustream’s products will strengthen Conax’s product portfolio for interactive TV. At the same time, Conax’s significant market structure can provide Secustream’s technology with an international breakthrough,” says Berit Svendsen, CEO, Conax.
Conax is a product of Telenor Research Institute in late 1980’s. With last year’s results at approximately 470 million Norwegian kroner, the company has more than 250 customers in over 70 countries. Today, Conax has about 160 employees spread between its headquarters in Oslo, daughter companies in the US, India and Germany, and sales and support offices in Singapore, China, South Korea, Brazil, Russia and Canada.
For more information, please contact:
Tore Gimse, Technical Director, Conax
Tel: +47 22 40 52 00
Email: tore.gimse@conax.com
“The sale of Secustream provides the means to free our resources for further research and commercialisation at NTNU. This transaction strengthens the bond between NTNU and Telenor, and is positive for continued cooperation between NTNU’s research environments and Telenor/Conax,” says NTNU’s President, Torbjørn Digernes.
“Secustream’s products will strengthen Conax’s product portfolio for interactive TV. At the same time, Conax’s significant market structure can provide Secustream’s technology with an international breakthrough,” says Berit Svendsen, CEO, Conax.
Conax is a product of Telenor Research Institute in late 1980’s. With last year’s results at approximately 470 million Norwegian kroner, the company has more than 250 customers in over 70 countries. Today, Conax has about 160 employees spread between its headquarters in Oslo, daughter companies in the US, India and Germany, and sales and support offices in Singapore, China, South Korea, Brazil, Russia and Canada.
For more information, please contact:
Tore Gimse, Technical Director, Conax
Tel: +47 22 40 52 00
Email: tore.gimse@conax.com
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