Orca has signed an agreement with Viaccess, a France Telecom subsidiary. Under the agreement, Viaccess will acquire a 100-percent stake in Orca for an estimated price of 21.4 million US dollars.
The completion of the transaction is subject to conditions precedent and notably to the approval of the transaction by the extraordinary general meeting of Orca Interactive.
Viaccess is a leader in the field of content protection, with conditional access and DRM solutions delivered in over 30 countries. Viaccess is a European leader in IPTV with over 1.2 million active subscribers worldwide.
Through this acquisition, Orca and Viaccess will improve their respective market positions, and enhance their ability to smoothly deliver innovative solutions with a powerful integrated IPTV platform.