The Kudelski Group (SIX:KUD:S) has completed an agreement to acquire Digital Video Norge AS (DVnor), which will be working with Kudelski video security company Conax on pay TV offerings.
DVnor, an Oslo-based provider of media asset management services, will collaborate closely with Conax. The company provides technology and competence complementary to the Conax content security portfolio.
DVnor will continue to focus on serving its core customer base - broadcasters, TV content and film distributors - with a strengthened market offering and improved sales reach. The company will maintain its current brand and sales distribution channels and continue to focus on serving its core customer base for existing services.
DVnor's core product, DVnor Organizer, provides an automated all-in-one platform for metadata and digital file management, transcoding, storage, distribution and post-production services. The content workflow from DVnor Organizer will be combined with content security from Conax Contego.
Morten Solbakken, president and CEO of Conax, said: "We are very pleased to welcome DVnor to the Kudelski Group. DVnor's team, solutions and geographic footprint are highly complementary to Conax's. With the acquisition, we aim to extend the Conax and Kudelski Group footprint within the digital content value chain."
