Cartesian, a leading provider of consulting services and managed solutions to the global communications, technology and digital media industries, today announced that it has signed a definitive agreement to acquire Farncombe Technology Limited, a consulting and advisory services provider to the digital TV sector.
Farncombe specializes in digital TV services and offers high-caliber technical and strategy consulting, implementation services, content security, and testing. Founded in the early 1990s, the company has a global 100-plus client roster, which includes leading service providers, broadcasters, platform operators, and technology firms. Farncombe’s team of multilingual industry experts and associates are based in the UK and France.
“Farncombe is highly respected within the digital TV sector,” said Peter Woodward, Cartesian CEO. “Farncombe leaders and consultants are known experts in video, digital rights, content and security across multiple platforms, including broadcast, mobile and broadband networks. In addition to serving a complementary client base, Farncombe better positions Cartesian to support the growing digital TV needs of communications service providers in North America and EMEA. We expect the acquisition to be accretive, and provide tremendous cross-selling and upselling opportunities across our combined customer base, particularly in strategy and analytics.”
The global payTV market exceeds more than $250 billion annually and continues to grow steadily. Convergence of content across digital media platforms is increasingly important in markets across the globe. Ensuring a high quality, seamless viewing experience along with the security of content is a requirement to compete effectively. Farncombe’s experience in these areas along with Cartesian’s strategic, operational and technical capabilities in serving global service providers strengthens the company’s ability to support convergence and quad play offerings in this growing market.
Steve Upton, Managing Partner of Farncombe, commented: “We are pleased to be joining Cartesian, a firm that also values excellence in delivery, analytics, and technology advancement, along with a strong ambition for growth. We look forward to bringing our services to Cartesian clients and delivering an expanded offering to our existing client base.”