Winbox, founded in 2003, provides IPTV STB platforms mostly based on NXP's Nexperia PNX8950 hardware. Unlike most of its competitors, the company relies on Windows CE as operating system for its devices.

The company claims that among its customers are IPTV top dog Sling Media as well as German IPTV solution providers Medion GmbH, 1&1, or TV program provider ProSiebenSat1. Robert Schneider, founder and long-standing CEO of chip-card-based access system provider SCM Microsystem, could be contracted as 'Angel Investor', Winbox announced in a press release. At the same time, Winbox has been converted to a public company and changed its name to Winbox Technology AG.

The current transaction includes changes in the management structure in that Schneider as well as TVM General Partner Christian Claussen will join Winbox' supervisory board. The company's founder and CEO, Christoph Winker is convinced that "a revolution in TV and home networking is imminent". For that reason, says Winker, the company is betting on what he calls "TV 2.0", with Internet Protocol-based TV program distribution, video on demand, networked PVRs and equally networked TV sets being main ingredients to the revolution.

A company spokesperson declined to elaborate on the volume of funding round. A seven-digit euro amount can be anywhere between about $1.5 million and $15 million.