DTV Innovations to Acquire Video Contribution Business of International Datacasting
Ottawa, Canada, November 2, 2015--DTV Innovations, a leading supplier of digital broadcasting solutions to the world's foremost television broadcasters today announced that it has executed a definitive agreement to acquire the professional video contribution product line from International Datacasting Corporation (TSX:IDC), a technology provider for the world's premiere 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 - with roots back to Tiernan - 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 in a compact road ready platform. IDC has been synonymous with high quality video contribution and distribution solutions for more than two decades. IDC's video products have been deployed by nearly every major broadcaster.
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 widely deployed Logic Innovations TSM-2800 ASI multiplexer.
In conjunction with the acquisition, DTV Innovations has opened a new R&D center in San Diego, California and has hired several senior level sales, engineering, and support personnel who previously supported the product line for IDC.
"Broadcasters are increasingly looking for a tightly integrated solution capable of managing their encoding, PSIP insertion, and multiplexing needs", said Benitius Handjojo, CEO of DTV Innovations. "Through this acquisition, DTV Innovations will be ideally positioned to provide a more capable solution in the most efficient and cost effective manner while also expanding its presence into the rapidly growing outside broadcast market.
Handjojo added, "We will also gain access to IDC's global distribution network allowing DTV Innovations to expand its sales which have historically been focused on the North American market."
"IDC has been proud to serve the video contribution market and to stimulate innovation by launching ground-breaking solutions over more than a decade", stated Chris Barrett, Co-Chief Executive Officer of IDC. "This asset sale will enable us focus on key products and market going forward, and enable accelerating the roadmap and planned deployments of our flagship LASER(TM) solution".
DTV Innovations provides high quality, cost-effective hardware and software solutions to the ATSC, ATSC-M/H, Cable, DVB, DVB-T/T2 & ISDB-Tb broadcast markets. DTV Innovations is privately held with headquarters near Chicago, Illinois, a R&D center in San Diego, California, and through its subsidiary PT Hanjaya International just recently open a R&D Center in Jakarta, Indonesia.
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