ANT wins licence agreement with Skyviia

ANT, a company which develops software for the delivery of digital TV, has enjoyed a sharp share price rise after announcing a tie up with Taiwanese outfit Skyviia.

Skyviia will license ANT's Galio platform for two new Android-based HbbTV (Hybrid Broadcast Broadband TV) product lines. Android is the computer devices operating system sponsored by Google.

By opting for an Android based solution, Skyviia is able to tap into the growing development market of Android-based TV applications, the company statement declared.

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Sean Kim, General Manager for Asia & Russian markets at ANT said: "The flexibility of the ANT Galio Platform enables Skyviia to offer its customers a turn-key solution to deliver quick-to-market products.

Shares in ANT were up 6.4% in early trading. Over the last 12 months the stock has fallen 20%.

BS