Hibernia Atlantic acquires broadcast and media production service provider MediaXstream

DECEMBER 15, 2009 -- Transatlantic bandwidth supplier Hibernia Atlantic has acquired MediaXstream Inc., a provider of transport and managed network services for the media production and broadcast industries.

DECEMBER 15, 2009 -- Transatlantic bandwidth supplier Hibernia Atlantic has acquired MediaXstream Inc., a provider of transport and managed network services for the media production and broadcast industries.

MediaXstream is currently operational in 20 major markets in the U.S. and Europe, serving the demand for high-definition video networking and production services by TV and film production, sports, news, mobile content, and IPTV.

By adding MediaXstream’s transport services to Hibernia’s financial and carrier-focused network, the combined reach, performance, and product offering will add significant marketplace opportunities, technological innovation, and customer value, Hibernia believes. MediaXstream will be a wholly owned subsidiary of Hibernia Atlantic.

“We are combining the strengths and network reach of both companies to respond to the significant growth of the enterprise and media markets,” states Ken Peterson, chairman of Hibernia Atlantic and CEO of Columbia Ventures Corp. “We are finding that more and more media companies are migrating to multi-service network infrastructures, and away from satellite, in order to satisfy their production and broadcast requirements. As demand accelerates, customers are making the shift from analog to digital and from standard definition to high definition. Large enterprises are also adding multi-service network infrastructures capable of supporting high definition video as critical elements of their daily operations. The combination of MediaXstream with Hibernia’s secure and diverse North American and European network positions the combined company for continued rapid growth.”

The acquisition of MediaXstream expands Hibernia’s North American network to 17 additional points of presence in 14 new cities in the south and west, including Seattle, San Francisco, Los Angeles, Phoenix, Dallas, Houston, Denver, Tampa, Miami, Atlanta, Washington DC, Baltimore, San Diego and Las Vegas.

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