DUBLIN--(BUSINESS WIRE)--S3 TV Technology Ltd., a business unit of S3 Group, today announced it is to be acquired by Accenture (NYSE: ACN). Accenture will integrate S3 TV Technology’s StormTest® automated testing platform and video consulting capabilities with the software and solutions of Accenture Digital Video Services, which is part of Accenture’s Communications, Media and Technology group.
This portfolio will help video service providers create and evolve high quality products that can access linear content through the broadband (IP) and broadcast networks and non-linear services such as catch-up TV and video on demand (VOD) through broadband networks. These services will be integrated with industrialized DevOps capabilities that foster an agile, continuous delivery approach to product development and enable video businesses to quickly launch, monitor, and iterate their products into the marketplace, leveraging a combination of cloud and device-based technologies.
S3 Group has a history of building innovative technology-based businesses that address challenges in high-growth markets. With domain expertise in multiple industry sectors S3 Group has a proven unique capability to deliver technology that can bring relevant and value-creating solutions to their customers. S3 TV Technology works with many of the leading global video service providers to enhance the performance and service readiness of their video platforms, facilitating the creation of a continuous delivery model for the development and deployment of new services. This acquisition by Accenture will create an end-to-end platform that will help video service providers use cutting-edge technology to stay competitive by delivering more innovative features to customers.
“I believe that Accenture will provide an excellent new home for our TV Technology business and its people, and I wish them continued success into the future” said John O’Brien, CEO S3 Group. “This announcement highlights S3 Group’s strategy and ability to create high-growth, market-focused businesses. We continue this exciting journey with our expanding Connected Health and Semiconductor Solutions businesses, and the creation of new businesses in the future.”
Terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.
About S3 Group
S3 Group was founded in 1986 in Ireland. From the beginning S3 Group had a global outlook, a multi-disciplined approach and a desire to create compelling solutions, products and services for our customers. S3 Group has created multiple businesses in the TV Technology, Wireless, Communications Infrastructure, Healthcare and Semiconductor sectors.
S3 Group Connected Health is focused on delivering better health outcomes through connected solutions. We work with healthcare providers, pharmaceutical companies and insurers to create sustainable scalable programmes in chronic disease management, medication adherence and patient engagement.
S3 Group Semiconductor Solutions delivers RF and Mixed Signal IP and tailored Silicon Solutions to Service Operators, OEMs and Semiconductor companies, who in turn serve global end markets such as Consumer Mobility, Consumer, Satellite Communications, Communications Infrastructure, Automotive, and Industrial. The IP portfolio includes high performance ADC and DAC converters, PLLs, Analog Front Ends (AFEs), Power Management, RF Transceivers and other miscellaneous circuits which are silicon proven at a variety of foundries (including TSMC, Global Foundries, SMIC and UMC amongst others) at nodes ranging from 180nm to 28nm.
S3 Group’s core strength is our ability to adapt and create new businesses while at the same time applying rigorous financial, quality and business processes to all aspects of our business.
Our success is built on our people and we continue to attract and retain outstanding people to whom we aspire to give successful, multi-disciplined and growth opportunities.
S3 Group is supported by ACT Venture Capital, Royal Philips Electronics (NYSE: PHG, AEX: PHI), and Enterprise Ireland.
Mooreland Partners has acted as exclusive financial advisor to S3 Group.