Software and networking solutions firm Imagine Communications has acquired Digital Rapids, in a deal it claims will create the world’s most comprehensive processing and compression solutions for TV everywhere.
Digital Rapids specialises in IP and file-based media processing solutions and software-defined workflow management technologies.
Commenting on the deal, Charlie Vogt, CEO of Imagine Communications, said that the agreement “strategically complements our pillars of innovation and rounds-out our capabilities.”
“Additionally, their expert team, which is based just miles from our development centre in Toronto, brings a rich history in pioneering software solutions for high-end media processing applications that strengthens our TV Everywhere business and company.”
The deal was agreed for undisclosed terms.
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