? Zenterio AB has successfully closed an investment round that brought SEK 115 million in new capital shares to Nordic investors and where most of the capital came from Nordic institutional investors
? The capital will primarily be used to finance continued rapid growth ahead of an IPO on Nasdaq OMX Stockholm?s main listing, planned for within the next 12 months
? Zenterio recently announced a breakthrough deal with Deutsche Telekom which, together with a number of other new global customers, is predicted to result in strong expansion for the company
? The company will significantly increase licensing volumes for its operating system Zenterio OS during 2014 and the subsequent year as a direct result of business deals entered within the last months
? As a next step, Zenterio sees great potential in leveraging its installed licensing base to deliver interactive services such as advertisement, applications, gaming, video and music
?Zenterio has seen a large influx of new business deals with international TV-operators during the last few months. With this targeted investment round, Zenterio has secured capital initially needed for an IPO within a year and to meet increased demand on the global market. We will now bring the company to positive results, expand quickly and maintain our independent market position,? says Olli-Pekka Kallasvuo, Zenterio?s Board Chairman.
How Zenterio solves the TV-operators? biggest challenge
The operating system Zenterio OS is a standardized and independent software platform for interactive TV-services. Zenterio OS provides TV-operators with a harmonized software solution that enables them to quickly and cost-efficiently roll-out the next generation interactive services to their Pay-TV customers. Zenterio OS is compatible with existing hardware and thus solves the TV-market?s extensive problem with a fragmented software environment, which is a main challenge for TV-operators set on developing and launching new TV-services.
Digital media consumption in the future
TV-operators today experience strongly increased competition over the consumers? digital media consumption. To meet new consumer demand for improved interactivity and customer experience, TV-operators need to continuously increase the value of their current programing offerings in combination with offering new kinds of TV-services. As opposed to the PC- and mobile phone-markets, which are dominated by a small number of operating systems, the TV-market currently has about 100 different operating systems. The development of a market for TV applications and interactive services requires a standardization of the fragmented operating system environment. Numerous operating systems make it both expensive and complex for operators to offer new services to customers. There is therefore great market demand for independent software solutions that are compatible with all interactive-TVs and set-top-boxes.
Today there are about 650 million households worldwide with a Pay-TV subscription, which constitute the base for Zenterio?s potential market. This market is growing rapidly as the world transitions from analogue to digital TV-broadcasting and as more and more households get connected to the Internet, both of which create new possibilities for Pay-TV solutions. The market for TV-operating systems is therefore not much smaller than the equivalent market for PCs.
Pareto Securities AB and Gernandt & Danielsson Advokatbyr? have provided financial and legal counselling (respectively) to Zenterio during the targeted investment round.
For more information, please contact Daniel Harju, +46 70-432 3265, [email protected]
Zenterio develops an independent software platform for interactive TV that is positioned to become a global standard. Zenterio OS can be used on new and existing hardware. Zenterio OS enables operators to quickly and cost-effectively launch new interactive services and applications to customers. Zenterio partners with TV-operators, global system integrators and set-top box suppliers. The company has more than 100 employees with 24 different nationalities. The company headquarters are in Stockholm and its R&D center is in Linköping, Sweden. The company has sales offices in Prague and Milan. Zenterio is a private company that is mainly owned by private and institutional Nordic investors. The largest owner is Swedish private equity firm Scope. www.zenterio.com.
About Zenterio OS
Zenterio?s operating system is compatible with nearly all types of hardware on the market today. Zenterio OS enables TV-operators to quickly harmonize their fragmented hardware base as the solution can be deployed on both new and already installed hardware. A harmonized software solution enables operators to quickly and cost-effectively launch new interactive services and applications to customers. Zenterio OS is a unique software solution that offers leading performance and a flexible solution for adding new functionalities. Zenterio OS offers system integrators a cohesive support for developing new solutions that in turn enable TV-operators to launch interactive TV-services. For the TV-viewer, Zenterio?s solution results in improved customer experience and a greater availability of interactive TV-services and applications.
IMPORTANT INFORMATION The information in this press release is not meant to be made public, published or distributed, directly or indirectly, in the United States, Australia, New Zeeland, Hong Kong, Japan, Canada, Singapore, Switzerland or South Africa. Distribution of this press release may be unlawful in certain jurisdictions. The information in this press release does not and shall not form a part of any offer for sale or call to buy securities in Zenterio in any jurisdiction. This press release does not constitute, neither as a whole nor in part, an offer or a pledge to buy securities in the United States. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ?Securities Act?), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. Zenterio does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Copies of this announcement is not distributed or sent to, and is not meant to be distributed or sent to, the United States, Australia, New Zeeland, Hong Kong, Japan, Canada, Singapore, Switzerland or South Africa.
Zenterio has not authorized any public offering of securities or stock options in any European Economic Area Member State and no prospect documents or other offering documentation has or will be produced in connection with the Directed Share Issue. In any EEA Member State that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. In all relevant Member States this communication is only being distributed to and is only directed at qualified investors in the relevant Member State according to the definition contained in in the Prospectus Directive. Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the ?Prospectus Directive?). Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
Pareto Securities AB represents Zenterio and no other party in connection with the Directed Share Issue. Pareto Securities AB will not be legally responsible towards any other party to provide the protection offered to its clients or to provide counselling in connection with the Directed Share Issue and/or any other matter mentioned in this announcement.
Pareto Securities AB is not in any way responsible for, does not make any pledges or give any guarantees, neither explicitly nor implicitly, in regards to statements made in this announcement, including its truthfulness, completeness or verifiability, or for any other statement that has been made or was intended to by, or on the behalf of, Pareto Securities AB in connection with Zenterio or the Directed Share Issue. Nothing in this announcement is, or shall be considered, a promise or a pledge in regards to the Directed Share Issue, regardless of if it pertains to the past or the future. Accordingly, Pareto Securities AB hereby abdicates, to the fullest extent possible, all legal responsibility for statements made in this announcement.
This announcement contains forward-looking statements that reflect the Zenterio Management?s current assessment of future events and potential financial development. Even though Zenterio believes expectations described in the announcement are reasonable, there are no guarantees that these forward-looking statements will prove accurate. Thus, as a consequence of different factors, the actual events may differ materially from the expectations expressed or implied in this release by such forward-looking statements.
The Scope Funds invest in Nordic growth opportunities. The objective is to generate high, risk-adjusted, financial returns in any economic environment. Investments are made in organizations with proven value added and differentiated value propositions.
As an active owner, Scope partners with managements to create companies with internationally scalable platforms that support sustainable growth. Portfolio companies are required to exhibit high growth rates and investments are typically made without, or with very moderate, financial leverage.
For more information please visit: http://www.scope.se/