Sweden's Accedo announced that it has acquired New York City-based CloverLeaf Digital, in a match of companies working to enable next-generation TV applications.
Both Accedo, which helped pioneer the concept of an app store for the advanced TV applications sector, have long been working with IPTV and cable TV companies.
Lawrence Brickman, the managing partner at CloverLeaf, who also is a former executive of Cablevision Systems and Insight Communications, said the deal will better position CloverLeaf to expand internationally with Accedo's help, while also strengthening its capabilities for existing North American customers. CloverLeaf will become Accedo's New York office, headed up by Brickman.
While giants like Microsoft (Nasdaq: MSFT) are working on advanced TV applications for the service provider giants like AT&T (NYSE: T), it is good to see two smaller players teaming up to grow and better serve their own base of smaller service providers, helping to ensure the customers of those service providers will not be left behind as TV application innovations continue.
- here's the Accedo release
Cloverleaf has been a long-time partner of Minerva
Accedo partnered with Verimatrix earlier this year