Zodiac Interactive, a multiple Emmy-nominated and Emmy award-winning developer of software for interactive television, has announced it has sold its subsidiary, Zodigo, a new mobile content search engine, in a management buy-out, led by Matt Johnston, formerly Zodiac's SVP of strategy and Zodigo's CEO.

"This is a very good move for Zodiac Interactive and Zodigo," said Alex Libkind, Zodiac's founder and chief operating officer. "The proliferation, breath and depth of mobile content is enormous, and it will continue as more people rely on their mobile phones for entertainment and mobility in the workplace. Although, our technologies can be complimentary, Zodiac is focused on Interactive Television 2.0 applications and entertainment, and we need to continue to focus on Interactive Television as it moves from native to On Ramp to OCAP/ tru2way. We will continue to support the demand from operators for the next level of interactivity and entertainment from TV subscribers. Whereas Zodigo is very mobile centric and requires a team that can focus specially in this area, which is quickly becoming one of the fastest growing markets in the world. We launched Zodigo as a subsidiary just a few months ago, and we're pleased the company has already reached this point."

Matt Johnston, Zodigo's CEO, said: "We recognised the explosion the mobile market is facing today, and will continue to face as more and more people rely on their mobile phones and portability to stay connected, personally and professionally. Mobility is not a trend; it's the future. In order for Zodigo to be truly successful as the prominent source for mobile content discovery, it needs to be a complete entity and focus solely on the mobile content sector, which is huge and continuing to grow rapidly. With this move, we believe that Zodigo will have all the opportunities to become the #1 place where people can easily find and download exciting new content for their mobile devices."

www.zodigo.com

www.zodiac.tv