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|| UAE telecom firm acquired 16.6% stake in a French software company

uae-investors-france.jpgEtisalat, the UAE-based global telecom firm, has announced that it has acquired a 16.6% stake in SoftAtHome, a French software provider of Digital Home stuff.

Their Digital Home idea is combining a lot of applications. (Among the services offered by the Digital Home, customers can access personal digital content stored in their home from any mobile phone, PC or TV; locate on a map on their TV the location of the person who is calling them; remotely record TV programming on their PVR when traveling; navigate in 3D through recommended programs on a TV based on their personal profile; purchase and download applications of their choices on their TV; start watching a movie on their mobile and finish it on their TV; manage and monitor home settings or watch their favorite Internet TV channels on their TV.)

SoftAtHome is headquartered in France with development and sales teams in France and Belgium.

Their full press release follows:

In yet another technology-pioneering initiative, Etisalat acquired a 16.6% stake in SoftAtHome, a software provider of home operating platforms that helps service providers deliver convergent applications for the Digital Home.

The acquisition will enable Etisalat to develop and provide a holistic digital home experience to its customers, thereby, bringing about a paradigm shift in the way technology is consumed today. Etisalat will be demonstrating SoftAtHome's solutions for the Digital Home, on their stand during the Gitex Technology Week in Dubai.

SoftAtHome develops and markets a Home Operating Platform that enables Service Providers and Telecom Operators to deliver innovative and convergent applications for the Digital Home. Operators can combine different services such as voice, video, user interface, security, network access, connectivity or management and deploy them across different devices in the home including Home Gateways (HGW), Set Top Boxes (STB), Mobile phones and PCs. With a new platform, SoftAtHome is fostering a new business model where 3rd party application developers play a key role by bringing innovation in the Digital Home market.

Etisalat has selected the SoftAtHome Operating Platform (SOP) to deploy their new multiplay solution offering including IPTV, Video on Demand, Personal Video Recording, Internet TV, digital content sharing and broadband access. The solution will be deployed on STBs and HGWs across the UAE first, followed by other countries where they have a presence, in a phased manner. Etisalat will leverage the open approach of the SoftAtHome Operating Platform to work with 3rd party application developers and create innovative applications in the Digital Home domain across the Middle East.

Commenting on this association, Humaid Rashid Sahoo Alsuwaidi, Chief Executive Officer -E-vision, Etisalat, said:

"Technology and innovation are the two cornerstones of Etisalat's strategy of extending reach to its customers. In more than three decades of continuous innovation, Etisalat has always strived to provide a unique experience to its customers that enhances their convenience and provides a distinct value. By investing in our relationship with SoftAtHome, Etisalat plans to strengthen its technology leadership in the Digital Home services in the Middle East, while furthering its vision and commitment to provide pioneering solutions to its customers. We are delighted to join this new endeavor and help shape the future of the Digital Home market."

"Etisalat joins existing shareholders Orange, Thomson Telecom and Sagem Communications to the board of SoftAtHome. The addition of a leading Telecom Operator such as Etisalat to the board of our company further reinforces our vision to become the representative of the Telecom Operators and Service Providers in the Digital Home by offering solutions that help them deliver and monetize new and innovative solutions to the market," says Michel Degland, CEO for SoftAtHome.

Among the services offered by the Digital Home, customers can access personal digital content stored in their home from any mobile phone, PC or TV; locate on a map on their TV the location of the person who is calling them; remotely record TV programming on their PVR when traveling; navigate in 3D through recommended programs on a TV based on their personal profile; purchase and download applications of their choices on their TV; start watching a movie on their mobile and finish it on their TV; manage and monitor home settings or watch their favorite Internet TV channels on their TV.



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