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Wednesday, December 23, 2009

PhilWeb and ISM Acquires Acentic GmbH

PhilWeb Corporation (WEB) and ISM Communications Corporation (ISM) jointly acquired 65% stake in Acentic GmbH (Acentic) for Euro 19.5 million  or 1.3 billion pesos.

"Acentic GmbH provides in-room television and film programming for hotels and hotel guests. Its services include on-screen messaging and bill payment, and general Internet access. The company’s guest offerings include on-demand movies, non stop pay television, access to Internet over television, international news, current events, and sports and music. It also offers Content Manager, which enables the hotels to program own television-information-pages, as well as provides hotel management services. The company was founded in 2003 and is headquartered in Cologne, Germany with additional locations in Austria, France, the Netherlands, Italy, Spain, Poland, and the United Kingdom." (Source : http://www.linkedin.com/companies/acentic)



Click here for ISM & WEB PSE disclosure.

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