NDS acquires online video delivery company CastUp for $11.3 million

noreply@blogspirit.com (IsraelDigital) — Tue, 7 Aug 2007 14:40:00 +0300

Digital pay-TV solutions provider NDS Group acquires online video delivery company CastUp Inc for purchase price of $11.3 million in cash plus additional payments to employees and senior management. Completion is expected to occur during the first financial quarter of 2008.

CastUp Inc., through its wholly owned subsidiary in Israel, provides a robust end to end solution for acquisition, processing, distributing, serving and monetizing of rich media content over IP and, in particular, video and audio over the Internet. Customers include major TV and media companies in Israel as well as the Israeli subsidiaries of large corporations like HP, Amdocs, MTV and Blockbuster.

This acquisition affords NDS access to technologies which will help its current pay TV customers expand their broadband video distribution services as well as attracting new potential customers. CastUp’s rich media technology will also help NDS to develop new enhanced services and applications for broadband enabled set-top boxes (hybrid STBs).

CastUp providing comprehensive solutions for rich media production, publishing and distribution in today's most popular formats. CastUp powers the online media experience for many of Israel’s best-known brands including Keshet, Reshet, Channel 10, Sports Channel, IBA and many more. CastUp will continue to operate as a separate unit within NDS under the leadership of the current management team.

Israel Digital Blog Ad – Security Risk Analysis | Mobile Advertising Solutions | Tech Support Services

Israel Digital News - digital_tv

NDS acquires online video delivery company CastUp for $11.3 million