MEDIA RELEASE PR37871
Acentic Acquired by PhilWeb Corporation and ISM Communications Corp.
COLOGNE, Jan. 14 /PRNewswire-AsiaNet/ --
Acquisition paves the way for launch for expansion of Digital TV and HSIA
services to the Asia and Middle East markets
Acentic, a leading supplier of digital interactive TV (iTV) systems for the hotel industry is pleased to
announce the acquisition of the company by PhilWeb Corp. (WEB) and ISM Communications Corp. (ISM)
which acquired a 65% stake in Acentic on January 11, 2010. The acquisition allows Acentic to further extend
their digital TV and high speed internet access (HSIA) services throughout the European market and expand
to the Asia-Pacific region, the fastest growing hotel market in the world.
The acquisition also strengthens the gaming offering Acentic will provide to its current and future hotel
customers. WEB is one of the leading gaming and e-gaming technology companies in Asia.
"We are excited about the entry of WEB and ISM in Acentic and taking Acentic to the next level," said
Alistair Forbes, CEO, Acentic. "Our digital TV and HSIA services are already in many of the world's leading
hotel chains in Europe and are a perfect fit to the IT business of ISM and the gaming expertise of WEB."
On December 24, 2009, WEB and ISM informed the Philippine Stock Exchange that through a jointly and
equally owned Hong Kong special purpose vehicle entered into a binding agreement with Global Innovation
Partners (GI Partners), a private equity firm based in the United Kingdom (UK), for the acquisition of a
controlling 65% stake in Acentic. The remaining 35% of Acentic will continue to be owned by Niantic Holding
GmbH, a German company controlled by Dr. Andreas Jacobs.
Forbes added: "We're looking forward to the changes and growth this new dynamic brings to the Acentic
family in 2010 and beyond. As a company that has always been dedicated to customer service and quality
products, we remain dedicated to keeping our hotels happy and helping them deliver the best in room services
possible to their guests.
"The substantial number of hotel rooms currently under contract to Acentic and the imminent roll out of
Acentic Asia provides WEB with enormous opportunities to expand its gaming business, which is today limited
only to the Philippine market, to many other major countries principally in Europe and the Middle East," said
Dennis Valdez, President, PhilWeb (WEB). "WEB will have an instant platform of 200,000 rooms in Europe as
a market for its internet gaming offerings. WEB's participation in the acquisition of Acentic will enable WEB to
have a quantum increase in its business prospects worldwide and well beyond just the Philippine market."
About Acentic
Acentic is an international provider of digital TV services to hotels. Acentic's digital content, technology,
support and services deliver entertainment and revenue generation tools via the hotel television, providing a
unique communications system that meets the evolving lifestyles of guests. Acentic's digital TV services are in
many of the world's leading hotel chains including Accor, Dorint, Intercontinental Hotel Group, Hilton, Hyatt,
Maritim, Marriott, Movenpick and Starwood in more than 30 countries in Europe, Middle East and Africa. For
Media Contacts:
Smaro Makaronidou, Acentic
+49-171-6973108
Smaro.Makaronidou@acentic.com
Jennifer Hicks or Alex Crabb, ink Communications
+33-(0)9-66-02-24-93 or +1-617-959-7794 or +1-617-956-2214
jennifer@theinkstudio.com
SOURCE: Acentic
CONTACT: Smaro Makaronidou,
Acentic,
+49-171-6973108,
Smaro.Makaronidou@acentic.com;
or Jennifer Hicks,
jennifer@theinkstudio.com,
or Alex Crabb,
both of ink Communications,
+33-(0)9-66-02-24-93,
or +1-617-959-7794,
or +1-617-956-2214
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