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Catenoid Acquires Spanish 'Hisplayer' to Accelerate European Market Entry
- Writing language: Korean
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Summarized by durumis AI
- Catenoid is accelerating its entry into the European market by acquiring Hisplayer, a Spanish video streaming technology startup.
- Hisplayer's SDK provides technology for easy integration of video content in game and metaverse environments, enabling Catenoid to acquire technology for XR environments and strengthen its global competitiveness.
- Catenoid plans to accelerate its European market entry through synergies with Hisplayer and expand its global business based on its existing experience in the Japanese market.
Securing a new foothold in Europe through the acquisition of 'HISPlayer' and expanding global business
Acquiring the technological capabilities to easily integrate video content into XR environments and strengthening global competitiveness
Catenoid (CEO Kim Hyung-seok), Korea's largest Video Technology as a Service (VTaaS) company, announced on the 2nd that it has acquired 'HISPlayer', a Spanish company, and will begin its foray into the European market.
HISPlayer is a European technology startup that provides premium video streaming technology for games and the metaverse. The media player SDK (Software Development Kit) for Unity and Unreal engines provided by HISPlayer can be used on Android, iOS, WebGL, Windows, MacOS, and even augmented reality (AR), virtual reality (VR), and cross reality (XR) devices.
HISPlayer's SDK is currently being used in metaverse services of various global companies, including British Telecom (BT) in the UK, Bell Media in Canada, Chunghwa Telecom in Taiwan, Holoride, a startup under Audi, and the Korea Professional Golf Association (KPGA).
HISPlayer's SDK provides a variety of advanced features tailored to customer needs, including adaptive bitrate (ABR), low latency, HLS and DASH streaming, UHD resolution, advanced advertising insertion, time shift, subtitles, and 360-degree video. It also provides HTML5 player software licenses for companies looking to launch apps on the web, smart TVs, and game consoles.
Catenoid plans to secure a new foothold in Europe through the acquisition of HISPlayer and further concretize its global business strategy. Following its entry into the Japanese market, the company's entry into the European market will further solidify its global business foundation through product and sales portfolio expansion and the acquisition of key personnel.
Catenoid has completed the integration of its online video platform 'Kollus' and HISPlayer, and will now provide cutting-edge video technology services to domestic corporate clients who need video streaming services in games and XR-based metaverse environments based on Unity and Unreal engines. In addition, the company plans to actively pursue overseas market entry with its no-code-based Software as a Service (SaaS) platforms, such as the short-form video platform 'Chalna,' the B2B live commerce platform 'Kollus Live Commerce,' and the video web service platform 'Megadogga.'
"With global big tech companies actively developing and releasing extended reality (XR) devices, the XR content market is expected to expand both domestically and internationally," said Kim Hyung-seok, CEO of Catenoid. "The online education industry is already showing signs of providing immersive educational content, and cases of XR technology being incorporated in fields such as games and entertainment are emerging. The combination with HISPlayer is expected to lay the foundation for securing technological capabilities to easily integrate video content into the newly emerging XR environment as well as existing PCs and mobile devices, and strengthening global competitiveness."
Website: http://catenoid.net/ko
Contact
Catenoid Public Relations
KPR
Hwang Yu-jin
02-3406-3727
