Estonia, Technology, Telecomunications

The entrepreneurs Indrek Raig, Yrjö and Rait Ojasaar and Artec Group thus aim to benefit from the global digital revolution. They are developing software for Digital TV STBs (set-top boxes) to turn them into multimedia centers and make us use them for many other means than just TV.

Artec's STBs with Vecly's software are currently sold in Estonian electronic stores. However, the company is not going to stop on the achieved. Vecly is now targeting much larger partners – Renesas, NEC, NXP and Trident-Adecq.

The company also holds negotiations with Levira, the main TV and radio broadcast network operator in Estonia.

In Vecly's point of view, China is quite inexpensive producer of STBs, but Chinese software is far from being perfect; therefore, there is a lot of space for Vecly to challenge the market.