DTV Innovations, a supplier of digital broadcasting solutions to TV broadcasters, has executed a definitive agreement to acquire the professional
video contribution product line from
International Datacasting (TSX:
IDC), a technology provider for broadcasters in radio, television, data and digital cinema. The closing of the transaction is subject to the fulfillment of certain closing conditions, which are expected to be satisfied in the next two weeks.
The IDC professional video line, acquired from Comtech EF Data in 2009, offers hardware-based MPEG-2 and MPEG-4 encoding and decoding solutions with focus on low latency, video quality and support for multiple audio channels and formats.
The acquisition includes all intellectual property and inventory associated with IDC's professional video line and includes: TITAN and SE4000 encoders, HMR decoders, and the Logic Innovations TSM-2800 ASI multiplexer. In conjunction with the acquisition, DTV Innovations has opened a new R&D center in San Diego.
