Relay Ventures-Backed Espial Group Buys British Developer ANT for C$8M

Espial Group Inc., a global supplier of digital TV and IPTV software and solutions, announced its acquisition of British software firm ANT plc. The deal, which has been estimated at C$8 million, is expected to close in early 2013. Ottawa-based Espial went public in 2007, but it has since received financing from Toronto venture capital firm Relay Ventures.

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