Tandberg Plans to Acquire GoldPocket

Oct 17, 2005  •  Post A Comment

Norway-based Tandberg Television extended its reach into interactive television with the news Monday that it plans to acquire GoldPocket Interactive for $78.5 million.

GoldPocket powers interactive TV for a number of leading programmers, including CBS, GSN and HSN, and has struck deals to provide its technology to satellite and cable providers. Tandberg has been best known as a global hardware play; it has been expanding its portfolio throughout the year and earlier this year acquired video-on-demand supplier N2 Broadband to extend its reach into VOD. Now the company will add the leading ITV technology firm to its lineup, giving Tandberg an ITV solution for the first time.

GoldPocket is based in Los Angeles and Tandberg’s North American operations are in Atlanta. It’s expected that GoldPocket and its 85 employees will remain in Los Angeles.