Pico Buying IDC Broadcast Biz

Pico Digital has entered into an agreement to acquire the broadcast products business from International Datacasting (TSX:IDC). The acquisition includes IDC's product portfolio, customers, and supplier relationships. The acquisition includes IDC's LASER Multi Program Splicer (MPS), a solution for broadcast program and ad insertion on multiple channels simultaneously. LASER MPS is intended for regionalization of content in digital terrestrial networks, cable networks, or satellite content distribution networks.

Following closing of the acquisition, which is expected in June, subject to the approval of IDC shareholders, the majority of IDC's employees are expected to join Pico Digital. The combined business will have a global footprint, including offices in the United States, Canada, Mexico, Argentina, Bolivia, Panama, Taiwan, Japan and the Netherlands, as well as a worldwide base of more than 500 customers.