The shareholders of Bluestreak Technologies SAS have sold the company to Espial Group Inc. for an undisclosed consideration. The transaction includes Paris-based Bluestreak Technologies and the operating assets in Montreal.
Bluestreak Technologies is a software and services provider of video solutions for connected devices including set-top boxes, smart TVs, smartphones, and tablets.
Based in Ottawa, Ontario, Espial Group Inc. designs, develops, and markets software solutions to enable the delivery of Internet protocol television (IPTV). The company’s products allow communications service providers, including cable TV, satellite TV, and telecommunications and Internet companies to deploy IPTV services to their subscribers.
“Bluestreak brings software expertise and experience integrating leading over-the-top services. These capabilities will enhance Espial’s RDK and HTML5 solutions which also blend linear television with web-based video services,” said Jaison Dolvane, Espial President and CEO. “Bluestreak’s MachBlue™ product line is complimentary to Espial’s G4 Client solution, providing rich media services across operator set-top box platforms, smart TVs and multi-screen devices. We will work closely with Bluestreak customers on enhanced solutions and services which give them a competitive advantage.”
“We’re excited to join Espial, whose focus on enabling compelling viewing experiences for network operators and consumer devices is consistent with our own,” said Erick Lamarche, CEO, Bluestreak. “With customers ranging from leading Pay TV operators to major electronics brands worldwide, Espial brings scale, solutions, and global services which will benefit Bluestreak’s customers now and in the future.”
Oaklins' teams in Montreal and France advised the seller in this transaction. This deal is another example of seamless cooperation between Oaklins' teams, demonstrating the organization’s added value through its global execution capabilities, industry expertise and contacts.
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