After careful evaluation of potential opportunities brought about by the recent global economic crises, Your Company has added an international asset to its portfolio. ISMCC and PhilWeb Corporation equally invested in purchasing a sixty-five percent (65%) stake in Acentic GmbH for Euro 19.5 Million or approximately Php 1.3 Billion Pesos through a Hong Kong-based company, Host Union International Limited.
Acentic GmbH (“Acentic”) is an international market leader in the provision of hotel in-room entertainment systems and services. Its tailor-made, on-demand digital TV solutions, high speed internet access, and other revenue generating tools allow hoteliers to provide a unique communication system that meets the ever increasing expectations of guests. This enables hotel owners to increase the level and quality of in-room service offered, which in turn leads to increased guest satisfaction and enhanced yield.
Brought together by the merger of four leading European in-room technology companies, Acentic was formed by GI Partners and Niantic in 2003. Acentic’s digital TV services are deployed in 180,000 rooms across 1,100 hotels in 30 countries in Europe, the Middle East and Africa. The Acentic platform can be found in many of the world’s leading four and five star hotel chains and other flag-ship hotels, including:
Acentic launched Horizon—its new high-speed Internet access (HSIA) solution for the hotel industry. The Acentic Horizon broadband solution, combined with Acentic’s Panorama® and Vision iTV systems, provides a bridge to the most flexible converged content strategy available for hoteliers. Acentic Horizon is a proven all-in- one solution that goes beyond a simple Internet connection and fully integrates all devices and content, increasing revenue potential.
Acentic Horizon is already installed in hotel groups throughout Europe, including Adina Hotels, InterContinental Hotels Group, Starwood, Marriott, Best Western and Maritim Group. In 2010, the Company was able to install an additional 1,057 HSIA rooms, ending the year with a total of 22,559 HSIA rooms.
Under Your Company’s leadership, Acentic is now better positioned to expand distribution of its systems in the Asia Pacific region. Acentic GmbH is an ideal addition to the information technology and telecommunications business of ISM Communications as well as a platform for international expansion and diversification providing a natural currency hedge in Your Company’s portfolio.
