Nokia Siemens Networks has sold its IPTV business to consulting firm Accenture. Terms of the transaction were not disclosed.
Nokia Siemens recently announced a restructuring coming out of a strategy of concentrating on mobile broadband. The restructuring was expected to involve the loss of as many as 17,000 jobs and lead to a “significant” reduction in operating expenses.
One week ago, Ericsson engaged in a similar maneuver, selling its GPON unit to Calix.
Accenture specified that it purchased IPTV software, assets and capabilities from Nokia Siemens. The acquired IPTV assets will complement and be integrated with with the company’s Accenture Video Solution, a software product and a suite of services that enables companies to launch new over-the-top (OTT) services. Accenture will now be able to provide end-to-end technology integration services to any vendor for any video platform, the company said.
“The combination of Nokia Siemens Networks’ IPTV assets with Accenture’s over-the-top TV software and capabilities, will deliver an exciting new combination of services to the global video industry,” said Marco Vernocchi, managing director of Accenture’s Media & Entertainment industry group. “The scalable and flexible end solution we are creating will help video service providers dramatically change the way they approach content distribution while balancing costs.”
Accenture has deployed its OTT system with several large video providers, including Deutsche Telecom.