Kasenna bought

Espial Group Inc. engineers a stock swap to buy IPTV solutions company Kasenna Inc., of Sunnyvale, Calif. Ottawa-based Espial, a provider of IPTV middleware and applications, says it Espial.JPGhas entered into a definitive agreement to acquire all outstanding shares of Kasenna in exchange for 4,722,224 (51%) of its own issued shares. “The IPTV market remains early and fragmented, and service providers are looking for clear leaders that they can bet on,” says Jaison Dolvane, Espial’s CEO. “Acquiring Kasenna provides us with increased scale, expertise, product breadth and channel access to position ourselves as the leading choice for service providers worldwide.” Mr. Dolvane says combined company will continue to support Kasenna’s customers, while integrating solutions and partnering with VOD (video-on-demand) companies.

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