Metrological Group, a Netherlands-based technology company whose Metrological Application Platform helps deliver integrated internet television, has received an undisclosed amount of financial backing from Liberty Global Ventures, the corporate venturing division of cable company Liberty Global.
The investment will be used by Metrological to extend its technology platform across multiple industries and geographic markets.
Metrological has had a partnership with Liberty Global since 2010 and the Metrological Application Platform is a key component of Liberty Global’s entertainment platform Horizon TV.
As part of the transaction, Sander Vonk, Liberty Global Ventures director, is joining the board of Metrological.
Balan Nair, Liberty Global executive vice-president and chief technology officer (CTO), said: “Our investment in Metrological is testimony to its cutting edge technology and great contribution to our Horizon TV platform. We believe that Metrological is well positioned to address the growing needs of the telecom industry for flexible solutions such as their app platform.’’
Albert Dahan, Metrological CTO, said: “Liberty Global’s investment reflects the strength of our innovations in the market and with our customers. This enables us to bring our business to the next level.”