22 Sep 2008

ICON Corporate Finance successful raise funding for Ocean Blue Software from Dutch investment house Scaent Holdings.

Ocean Blue provide world-class quality software solutions, software engineering services and business and technology solutions for the Digital Home, Digital TV, mobile TV and Digital Video Broadcasting (DVB) markets, including DVB-T, DVB-S and DVB-H.

Their DVB, PVR content management and MHEG software technology are at the core of a new generation of broadcast platforms, these include mobile phones, portable media players (PMP), Internet based Digital televisions (IPTV) as well as existing media platforms such as Digital terrestrial, cable and satellite. They also supply software for the Freeview Playback brand.

Customers include Toshiba, Philips, Ali Corporation (Taiwan) and Mediatek (Taiwan) and number of global semiconductor and consumer electronics corporations.

Kenneth Helps CEO and founder of Ocean Blue commenting on the deal said: "We were very careful to select both our investment advisers and our investors, ICON did a superb job and introduced us to Dutch investment house Scaent Holdings, who bring both funding and a channel into the Russian and Eastern Block countries".

The funding will be used to open a sales and software office in Hong Kong and also a software support centre to assist in the company's expansion into Russia and Asia.