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Accedo Acquires CloverLeaf, Strengthens TV App Solutions

Stockholm, Sweden and New York, USA(26 Sep 2012)

 

Accedo, market-leading enabler of TV application solutions , today announced that it has acquired CloverLeaf Digital LLC, the leading US-based TV app solutions provider.
 
Based in New York City, CloverLeaf is a pioneer in providing compelling interactive TV products to the North American IPTV and cable markets. With over 50 deployed customers integrated with multiple middleware platforms, CloverLeaf brings proven solutions and a wealth of experience to Accedo. Accedo’s acquisition of CloverLeaf combines two of the leading interactive television applications companies in the world into a global interactive TV powerhouse.

“We’re currently witnessing a revolution in the way consumers experience TV. Over the past 24 months, we have seen an accelerating pace of innovation within the TV industry from the proliferation of online connectivity to the TV set.  We are just starting to see a transformation of the ecosystem for TV,” commented Michael Lantz, CEO, Accedo. “By acquiring CloverLeaf, Accedo strengthens our unique position to innovate and provide attractive, next generation applications in this unprecedented evolution of the TV industry.”

CloverLeaf’s technology includes powerful TV application management and provisioning solutions and will be integrated into Accedo’s portfolio of application solutions, benefitting customers throughout the world. The CloverLeaf team will form the basis of Accedo’s New York City office.
 
“We’re excited to join forces with the Accedo team,” commented Lawrence Brickman, Managing Partner at CloverLeaf. ”As part of Accedo, we will be better positioned to meet the rapidly changing needs of our customers in North America, while bringing our solutions and expertise to Accedo’s global customers. The combination of Accedo and CloverLeaf creates a company with an unprecedented range and depth of interactive television expertise that will lead the development of new solutions and applications for the changing world of TV.”

Lawrence Brickman will head up Accedo’s New York office, and will continue to champion TV applications globally.

About CloverLeaf Digital LLC 
CloverLeaf Digital is the leading independent provider of interactive applications in the United States. Distributed in over 500 cities, CloverLeaf’s interactive network provides a customer base of 50 telephone companies, cable operators, and other distributors of digital video with industry-leading interactive applications and services, including the AppDaily app store, quick-access dashboard and apps; the DotDaily localized news and information service; and Funspot casual games.
 
For more information, please see www.cloverleafdigital.com.
 
About Accedo 
 
Accedo is the market leading enabler of TV application solutions. Accedo provides applications, tools and services to media companies, consumer electronics and TV operators globally, to help them deliver the next-generation TV experience. Accedo's cloud-based platform solutions enable customers to cost-efficiently roll out and manage application offerings and stores for multiple devices and markets.

Accedo is a privately held company founded in 2004 by telecom and media entrepreneurs Michael Lantz and Fredrik Andersson. Accedo is headquartered in Stockholm, Sweden with branch offices in London, Madrid, Mountain View, Los Angeles, Hong Kong and Sydney.