Ateme, a specialist in video compression solutions, has raised €13.3 million in an IPO on the Euronext Paris market. Ateme said the offering was oversubscribed at a rate of nearly 2.5 times the number of shares offered. Following the IPO, the company has a market capitalisation of €44.7 million.

Meanwhile, Ateme has delivered 700 Kyrion units to date to the European Broadcasting Union (EBU).

EBU’s global video network, the sports content delivery platform to broadcasters, has been and will be carrying all the World Cup matches in HD format, as well as all of the 4K television production of the 2014 tournament in Brazil.

Michel Artières, CEO, Ateme, said: “We are excited to be the chosen video compression supplier of the EBU for its HD television coverage of the 2014 World Cup. It is a pleasure to be a partner of such an important organisation in the global delivery of sports and news broadcasting.”

Other posts by :

1. Bank: SES outperforming
2. AST SpaceMobile confirms 2026 launch schedule
3. AST SpaceMobile: “Good for indoor reception”
4. EchoStar booms on SpaceX holding
5. Norway wants a satellite constellation
6. Crossroads backs AST SpaceMobile
7. FCC examines SpaceX’s 15,000 sat-constellation plan
8. EchoStar: “Severe uncertainty” led to spectrum sales
9. Netflix gets downgrade on Warner Bros move

Categories: Articles, Business, IPO, Video