MUMBAI: Innovative software developer Metrological Group has announced that it has received financial backing from new strategic investor Liberty Global, the leading international cable operator. This strategic investment will help Metrological extend its technology platform across multiple industry verticals and geographic markets.
Metrological Application Platform is a key component of Horizon TV, Liberty Global’s revolutionary media and entertainment platform which has been successfully launched in four of its country operations since September 2012. Liberty Global has launched over 125 apps on the platform to date and continues to grow. Rotterdam-based Metrological has been in partnership with Liberty Global since 2010 and was recognised last year as one of the company’s most important suppliers.
As part of the investment transaction, Liberty Global Ventures director Sander Vonk will join the board of Metrological. The other members of the board are Robert Jan Lijdsman, advisor at Allen & Overy, Walter Blom, independent advisor and former CFO of Ziggo and Estro Group, and Erwin van Dommelen, Managing Partner at Merapar.
“Our investment in Metrological is testimony to its cutting edge technology and great contribution to our Horizon TV platform,'' said Liberty Global executive VP and CTO Balan Nair. “We believe that Metrological is well positioned to address the growing needs of the telecom industry for flexible solutions such as their app platform.’’
“Liberty Global's investment reflects the strength of our innovations in the market and with our customers'', said Metrological CTO Albert Dahan. “This enables us to bring our business to the next level.''