Acquisition part of NSSLGlobal’s strategic investment programme
20 December 2016 – NSSLGlobal today announces the acquisition of Norwegian IPTV company SnapTV. The new partnership will see SnapTV and NSSLGlobal working together to promote and develop entertainment services for maritime and offshore companies. With advanced state of the art TV and media distribution rights for all of the major players, SnapTV is well positioned to enhance the working environment and crew welfare on ships and oil rigs.
Established in 2006, SnapTV provides a range of infotainment software, hardware and services. Its infotainment software service (delivered via an easy-to-use GUI) includes television, recording (nPVR), video on demand and radio.
The deal with SnapTV signifies the start of NSSLGlobal’s new investment programme where it proactively seeks out young innovative companies to invest in with applications that will work as an Added Value Service to NSSLGlobal customers, whilst the two parties continue to work independently and attract their own clients. The investment programme will see NSSLGlobal offer capital, contacts and expertise to help propel the start-ups to the next level.
Snap TV’s video on demand and TV streaming will provide a legally licenced home comfort that crews have shown a strong desire for. Traditionally companies have had two problems in providing such services for their crew: 1) the affordability and bandwidth constraints of providing such services over satellite; and 2) ensuring that crew abide by licencing rights when streaming videos (which ultimately the company is legally responsible for). Through the combination of SnapTV and VSATIP@SEA NSSLGlobal is taking these problems away for its customers.
Sally-Anne Ray, Group CEO, NSSLGlobal commented: “SnapTV is an obvious investment choice for us and there are very clear synergies between our satcom technologies and SnapTV’s offering. SnapTV’s core streaming technology, with fully licenced content, is compelling to customers. Combine this with our ability to broadcast SNAP TV over a separate satellite channel to VSATIP@SEA vessels — without affecting other operational or crew welfare services or forcing customers to increase their satellite bandwidth packages -and it becomes an even more compelling way to enhance the working environment and crew welfare on ships and oil rigs. With the combination of both companies knowledge and experience, we look forward to emerging with a stronger, united product portfolio.”
“NSSLGlobal’s investment in SnapTV is a vindication of both the hard work our team has put into our infotainment products, as well as the potential of this sector in general,” commented Bjørn Sæterøy, CEO, SnapTV. “The market for legal, flexible and user-friendly crew entertainment solutions at sea is enormous. With NSSLGlobal’s immense maritime expertise and industry contacts behind us we’re well placed to capitalise in 2017.”
NSSLGlobal’s acquisition of SnapTV further underlines its continuing commitment to Norway as a key Maritime market. Earlier this year NSSLGlobal announced a strategic partnership with Norwegian satcom reseller FleetCom AS.