Viaccess Acquires 100 Percent Stake in IPTV Middleware Leader Orca Interactive

Orca Interactive Ltd. (LSE:ORCA), a market pioneer in providing IPTV middleware and applications, today announced that it has signed an agreement with Viaccess, a France Telecom subsidiary. Under the agreement, Viaccess will acquire a 100-percent stake in Orca for an estimated price of 21.4 million US dollars.

The completion of the transaction is subject to conditions precedent and notably to the approval of the transaction by the extraordinary general meeting of Orca Interactive.

Viaccess is a leader in the field of content protection, with conditional access and DRM solutions delivered in over 30 countries. Viaccess is a European leader in IPTV with over 1.2 million active subscribers worldwide.

Through this acquisition, Orca and Viaccess will improve their respective market positions, and enhance their ability to smoothly deliver innovative solutions with a powerful integrated IPTV platform.

“Viaccess’s investment in Orca proves that we are standing at the brink of a new era, firmly cementing IPTV’s role in the consolidation of telecommunications services,” commented Haggai Barel, CEO of Orca Interactive. “As a true industry pioneer, Orca Interactive has continuously led the IPTV revolution with cutting-edge technology and a flexible middleware platform designed to make next-generation TV services a reality. Today’s announcement represents a significant milestone both for Orca and for the IPTV market at large.”

About Orca Interactive

Orca Interactive Ltd. (LSE:ORCA) is a market pioneer and innovation leader in providing IPTV middleware and applications, bringing the power of next generation interactive TV to help service providers and broadband network operators drive growth. Revolutionizing the way people consume television content, Orca Interactive’s dynamic IP video and feature-rich multimedia solutions combine live TV, video on demand (VOD), personal video recording (PVR), home media and personalized services, including the latest in content discovery and user generated content, across a multi-device platform, and over the Internet through its unique WebTV solution. Orca Interactive’s proven RiGHTv solution provides a flexible approach for tailored IPTV solutions founded on its diverse experience. For more information visit www.orcainteractive.com.

Contacts

Orca Interactive
Haggai Barel, +972-9-7699400 (Investors)
IR {at} orcainteractive(.)com
or
Koteret Public Relations for Orca Interactive
Rinat Rond, +972-3-575-5778 ext.112 (Press)
rinat_r {at} koteret(.)com