Triple-play merger continues at Amino

Combining three firms into one continued apace at Amino Technologies, which signalled positive movement in a trading update on Thursday.

The AIM-listed firm supplies set-top box hardware and software to television and internet providers. In May, it purchased Finnish competitor Booxmedia for €7.9m, and in August it acquired North American counterpart Entone in a deal worth £46.7m.

Amino said on Thursday that its revenues and profits for the year ended 30 September was in line with "revised market expectations".

The company also said it was making "solid progress" with the acquisitions. It secured two major Booxmedia customer wins in the second half of 2015, with Belgian broadcaster RTL and Dutch utility DELTA selecting the platform for its digital television offering.

Two new Tier 2 network providers were added to Entone's North American business, and the company described a "wider base of Tier 2 customers" in Western Europe. It reported the Eastern Europe market as remaining challenging, however.

"Our executive team have focused on improving our sales capabilities and structure to ensure we can best meet our existing and potential new clients' needs across our key geographies and drive growth", said non-executive chairman Keith Todd CBE.

"This, coupled with strong progress in the integration of Entone as well as the great progress at Booxmedia, are already starting to be reflected in increased interest in our cloud TV and IPTV broadcast offerings."

As of 1425 GMT on Thursday, shares in Amino Technologies were up 0.93% to 108.5p.