Fri, 27 Jan 2012 | ADMINISTRATION
British digital technology company, IP Vision – which manufactures the Fetch TV digital receivers and movies on demand service – has fallen into administration.
Administrators from UHY Hacker Young have been appointed to find a buyer for the company, which sold its freeview boxes in Tesco stores under the Teknika brand. The boxes combined Freeview DTT tuner with access to the BBC iPlayer, Sky Player and Fetch TV’s own on demand content.
IP Vision’s chief executive, Eddie Abrams, said that the Fetch TV video on demand services would be continuing to operate while the search for a buyer was carried out.
“IP Vision is a recognised innovator with a well-deserved reputation in the field of hybrid DTT/IPTV solutions and premium over-the-top video on demand services,” he said in a statement.
“Purchasers will be able to take full advantage of the Company’s many strengths in these respective areas which include a fully-operational end-to-end hybrid TV platform and a multi-device, premium video on demand service with broad reach in conjunction with major TV manufacturers and approximately 30 content partners,” he added.
The company was formed in 2007 and currently employs around 20 staff. It has shareholders that include French company, Netgem. They had recently launched a new app for Panasonic Viera televisions and are at an advanced stage in the development of one for Samsung’s Smart TV platform, which was scheduled for release in the first quarter of 2012.
This is a unique opportunity to acquire valuable intellectual property assets from a well-established wholesaler with many years of experience in the discount food and non-food sector in the Midlands.
This is an opportunity to acquire a long-established specialist bakery business, supplying major UK supermarkets and boasting a fully equipped production facility with a skilled workforce.
Discover the rare chance to acquire a specialist UK supplier of marine engines and generators, noted for their leadership in the used marine engine market and hard-to-find parts.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.