Video asset management solution company KIT digital announced during IBC 2010 that it had acquired the assets of UK-based systems integrator Megahertz Broadcast Systems.
Under the terms of the acquisition, KIT digital will acquire 100% of Megahertz’s assets from its Canadian parent company, AZCAR Technologies, Inc.
“Megahertz is one of the most respected providers in the advanced digital video systems integration market," said Kaleil Isaza Tuzman, chairman and CEO at KIT digital. “This acquisition extends our existing advanced digital and IP video systems integration capabilities-which support our larger-scale software implementations with broadcasters and network operators. It also underlines our mission of bridging the gap between traditional broadcast and new media for our customers, as we offer global professional service and implementation capabilities which are demanded by large customers and are notably absent in our competitive segment.”
Frances Jarvis, managing director of Megahertz, said: “This strategic move will extend our reach and solidify our offering to our global media customers. Our in-depth knowledge of broadcast and IT solutions enables us to address the challenges faced by our clients in the deployment of new technology while minimising the risk to their business. KIT digital is clearly emerging as a company that understands the changing media and entertainment environment, where consumers can access content anywhere, any time and on any device, and they deliver IP-based solutions to meet this demand. With these joint credentials, together we are able to guide customers through the ever-changing media environment to allow them to pursue new revenue streams and deploy technology solutions throughout the content chain.”