Civolution has announced that it has acquired the software and technology solutions watermarking business from Thomson which will become a shareholder in Civolution. “As an independent company following the acquisition of Teletrax and Civolution’s successful spin-out from Philips Royal Electronics last year this latest acquisition is a natural next step in the execution of our strategy ” says Civolution CEO Alex Terpstra. “In these volatile economic times we aim to become the most secure and trusted player in the industry offering our customers unrivalled technical excellence and support. The combination of the Thomson STS team with its rich heritage as an innovative developer of technologies and the ground-breaking expertise of the Civolution team creates a uniquely talented group.” Thomson continues to be committed to the content identification market and says it has agreed to enter into a technology collaboration with Civolution to “develop new solutions for monetizing content.” Civolution’s lead investor since its spin-off from Philips Prime Technology Ventures has committed to provide the necessary funding endorsing the company’s strategy to build further on its position as a leader in content identification technology and services in the media industry. “We are delighted to support Civolution with this next strategic step to industry leadership in line with PTV’s investment strategy ” says Sake Bosch founder and managing partner at PTV. Civolution www.civolution.com Prime Technology Ventures www.ptv.com Thomson www.thomson.net
