Country for PR: United States
Contributor: PR Newswire New York
Thursday, January 14 2010 - 19:00
AsiaNet
Acentic Acquired by PhilWeb Corporation and ISM Communications Corp.
COLOGNE, Jan. 14 /PRNewswire-AsiaNet/ --

   Acquisition paves the way for launch for expansion of Digital TV and HSIA 
                  services to the Asia and Middle East markets

    Acentic, a leading supplier of digital interactive TV (iTV) systems for the 
hotel industry is pleased to announce the acquisition of the company by PhilWeb 
Corp. (WEB) and ISM Communications Corp. (ISM) which acquired a 65% stake in 
Acentic on January 11, 2010. The acquisition allows Acentic to further extend 
their digital TV and high speed internet access (HSIA) services throughout the 
European market and expand to the Asia-Pacific region, the fastest growing 
hotel market in the world.

    The acquisition also strengthens the gaming offering Acentic will provide 
to its current and future hotel customers. WEB is one of the leading gaming and 
e-gaming technology companies in Asia.

    "We are excited about the entry of WEB and ISM in Acentic and taking 
Acentic to the next level," said Alistair Forbes, CEO, Acentic. "Our digital TV 
and HSIA services are already in many of the world's leading hotel chains in 
Europe and are a perfect fit to the IT business of ISM and the gaming expertise 
of WEB."

    On December 24, 2009, WEB and ISM informed the Philippine Stock Exchange 
that through a jointly and equally owned Hong Kong special purpose vehicle 
entered into a binding agreement with Global Innovation Partners (GI Partners), 
a private equity firm based in the United Kingdom (UK), for the acquisition of 
a controlling 65% stake in Acentic. The remaining 35% of Acentic will continue 
to be owned by Niantic Holding GmbH, a German company controlled by Dr. Andreas 
Jacobs.

    Forbes added: "We're looking forward to the changes and growth this new 
dynamic brings to the Acentic family in 2010 and beyond. As a company that has 
always been dedicated to customer service and quality products, we remain 
dedicated to keeping our hotels happy and helping them deliver the best in room 
services possible to their guests.

    "The substantial number of hotel rooms currently under contract to Acentic 
and the imminent roll out of Acentic Asia provides WEB with enormous 
opportunities to expand its gaming business, which is today limited only to the 
Philippine market, to many other major countries principally in Europe and the 
Middle East," said Dennis Valdez, President, PhilWeb (WEB). "WEB will have an 
instant platform of 200,000 rooms in Europe as a market for its internet gaming 
offerings. WEB's participation in the acquisition of Acentic will enable WEB to 
have a quantum increase in its business prospects worldwide and well beyond 
just the Philippine market."

    About Acentic
    Acentic is an international provider of digital TV services to hotels. 
Acentic's digital content, technology, support and services deliver 
entertainment and revenue generation tools via the hotel television, providing 
a unique communications system that meets the evolving lifestyles of guests. 
Acentic's digital TV services are in many of the world's leading hotel chains 
including Accor, Dorint, Intercontinental Hotel Group, Hilton, Hyatt, Maritim, 
Marriott, Movenpick and Starwood in more than 30 countries in Europe, Middle 
East and Africa. For more information, visit www.acentic.com or follow us on 
Twitter @acentic.


    Media Contacts:
    Smaro Makaronidou, Acentic
    +49-171-6973108
    Smaro.Makaronidou@acentic.com

    Jennifer Hicks or Alex Crabb, ink Communications
    +33-(0)9-66-02-24-93 or +1-617-959-7794 or +1-617-956-2214
    jennifer@theinkstudio.com


SOURCE: Acentic

    CONTACT: Smaro Makaronidou,
             Acentic,  
             +49-171-6973108, 
             Smaro.Makaronidou@acentic.com; 

             or Jennifer Hicks, 
             jennifer@theinkstudio.com, 

             or Alex Crabb, 
 
             both of ink Communications, 
             +33-(0)9-66-02-24-93, 
             or +1-617-959-7794,
             or +1-617-956-2214
Translations

Chinese - Traditional
Hong Kong