EdRip buys video codec developer TVN from FCDE

EdRip is investing in the company alongside its management. The firm is in negotiations to acquire a 49% stake, according to French publication Capital Finance.

EdRip was attracted to the company due to its potential to branch out into new geographical markets in the fields of over-the-top (OTT) content, internet protocol television (IPTV), and web- and cloud-based content delivery.

Created in 2009, FCDE is a €200m fund financed by BPI France, other banks and insurance firms.

Previous funding
According to unquote" data, FCDE invested €6m in the management buyout of TVN in May 2011. The fund and management wholly acquired the business from listed Technicolor, carving out its head-end division under the TVN brand.

At the time of FCDE's investment, TVN employed 500 staff. It generated turnover of €61m in 2009.

Company
Founded in 1995, TVN is headquartered in Cesson-Sévigné in Brittany with 13 additional offices worldwide. The company is a provider of video compression software for media companies, video service providers and broadcasters.

Its software is designed to allow broadcasters to provide video at a low bandwidth and is operational with terrestrial, satellite, cable, IPTV and OTT content.

The company reportedly generated €70m in revenues last year.

People
Christophe Delahousse is the president of TVN. Amélie Brossier is a partner at FCDE. Sylvain Charignon is a partner at EdRip.

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