Ericsson has today announced it has acquired HyC Group, a Spanish company in TV consultancy and systems integration with around 110 employees. The acquisition is said to further strengthen Ericsson's position in the services and multimedia domains as a systems integrator of IPTV solutions.
IPTV offers interactive and personalized broadband TV services to fixed and mobile users and, with the acquisition of HyC, Ericsson says it further strengthens its ability to support operators and service providers in the solution design, installation, integration and operation of IPTV services.
The HyC acquisition follows Ericsson's acquisition of Tandberg Television, the provider in advanced video compression technologies, at the beginning of the year.
Hans Vestberg, Executive Vice President, Chief Financial Officer, and Head of Global Services at Ericsson, says: "Multimedia and services, including IPTV and systems integration, are two strategic areas for Ericsson. I am pleased to announce this acquisition as it will strengthen our ability to support our customers in offering attractive consumer services in a fast and efficient way. HyC's skills and experience fit perfectly with our service offerings in the TV domain and our leading systems integration offering."
Hector Prieto, HyC General Manager, says: "We are proud to be part of the Ericsson Group. Customers will benefit from the combination of Ericsson's global presence and our niche expertise in a blooming technology."