Securing a new European foothold and expanding global business through the acquisition of ‘HISPlayer’
Strengthening global competitiveness by acquiring technology that allows for easy integration of video content into XR environments
Catenoid (CEO Kim Hyung-seok), Korea's largest Video Technology as a Service (VTaaS) company, announced on the 2nd that it will acquire Spain-based ‘HISPlayer’ and officially launch its entry into the European market.
HISPlayer is a European technology startup that provides premium video streaming technology for games and metaverses. The media player SDK (Software Development Kit) for Unity and Unreal engines provided by HISPlayer can be used not only on Android, iOS, WebGL, Windows, and macOS but also on augmented reality (AR), virtual reality (VR), and other Cross Reality (XR) devices.
Currently, HISPlayer's SDK is 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 ad insertion, timeshift, 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 solidify its global business strategy. By entering the European market following its existing presence in Japan, it strengthens its global business foundation through expanded product and sales portfolios and securing key personnel.
Catenoid has completed the development of the integration of its online video platform ‘Kollus’ with HISPlayer, and now provides state-of-the-art video technology services to domestic corporate clients who require video streaming services in game and XR-based metaverse environments based on Unity and Unreal engines. Furthermore, it plans to actively pursue overseas market entry through 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 ‘Megadog’.
“As global big tech companies actively develop and release XR devices, the domestic and international XR content market will also expand,” said Kim Hyung-seok, CEO of Catenoid. “The online education industry is already showing signs of providing immersive educational content, and there are examples of XR technology being applied in fields such as games and entertainment. We anticipate that the integration with HISPlayer will serve as a cornerstone for securing the technological capabilities to easily integrate video content into newly emerging XR environments as well as existing PCs and mobile devices, and for strengthening our global competitiveness.”
Website: http://catenoid.net/ko
Contact
Catenoid PR Agency
KPR
Hwang Yu-jin
02-3406-3727
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