MAM and newsroom specialist Dalet Digital Media Systems has signed a definitive agreement to acquire ingest transcoding, and broadcast workflow specialist AmberFin.
Financial terms were not disclosed.
The seller was UK-based private equity firm Advent Venture Partners, which spun AmberFin out of Snell & Wilcox in 2009, and subsequently re-invested in the company in a 2010 funding round.
According to public records, for the fiscal year ended March 31, 2013 AmberFin posted a net loss before tax of £1.18m on revenue of £4.58m.
Once the deal closes, the combined company will have revenues in excess of $55m.
Datlet says the acquisition of AmberFin significantly broadens the company’s product offerings, and “affirms the company’s dominance in MAM and media workflow management by creating end-to-end solutions that include comprehensive MAM capabilities along with state-of-the art image processing, media transcoding and distribution.”
“This acquisition allows us to offer the industry the most advanced level of workflow options.” said Dalet CEO David Lasry. “AmberFin has been at the forefront in mastering media, including transcoding and video quality control. The company has spearheaded many widely adopted industry standards such as MXF and AS-02. Its talent and expertise directly complement Dalet’s strengths in enterprise MAM-driven solutions. By melding our resources and innovative technologies, we can enrich both the Dalet and AmberFin products to offer the most complete and forward-thinking solutions for content providers to optimize their human resources and media assets. From ingest through multiplatform delivery, operators in News, Sports and Programming will reap tremendous efficiencies and productivity by applying our combined technologies.”
“I am extremely proud of the AmberFin team and its accomplishments. Our award-winning, cutting-edge products are used by prominent broadcasters, content owners and post-production houses around the globe,” comments Jeremy Deaner, CEO of AmberFin. “It’s very gratifying to know that by joining with Dalet, we can together leverage our best-in-class technologies to deliver an outstanding array of solutions that will meet the challenges of the constantly changing digital media landscape.”
Transcoding Consolidation Continues
Dalet’s acquisition is the latest in a series of deals and product announcements in the transcoding space. As broadcasters and media companies scramble to deploy multi-screen services, transcoding is seen by many as a key technology. As a result, transcoding has also attracted its fair share of financing and M&A activity. Here’s a quick run-down of some of the recent transcoding deals and related-financial news:
- In January 2014, Elemental Technologies said its 2013 revenue had grown by 50% to an estimated $31.5 million
- In June 2013 filing with the SEC, Brevity disclosed that it had raised $1m through an equity offering, and continued to seek an additional $3m of funding
- In March 2013, Harmonic announced a cloud-based transcoding service for professional applications that it said will enable “content creators, service providers, and media professionals to quickly and cost-effectively convert broadcast-quality video content to virtually any standard media format.”
- In March 2013, Brevity raised an undisclosed amount from the Karft Group, raising the total amount raised by the company to $7.7m.
- In January 2013, Amazon unveiled its “Amazon Elastic Transcoder.” Based on the company’s Amazon Web Services (AWS) cloud computing platform, the Elastic Transcoder the service provides “a highly scalable, easy to use and a cost effective way for developers and businesses to transcode video files from their source format into versions that will playback on devices like smartphones, tablets and PCs.”
- In August 2012 Brightcove bought Zencoder, a 2-year old start-up with $2m in revenue for $30m, and subsequently launched a cloud based transcoding service at IBC 2012
- In May 2012, Elemental Technologies closed a $13m fundraising round led by Norwest Venture Partners (NVP), which brought the total amount of funding raised by Elemental to just under $30m.
- In April 2012, audio processing specialist Wohler bought transcoding provider RadiantGrid in a move that the company said will accelerate its move into file-based operations
- In February 2012, Elemental Technologies disclosed that its revenue in 2012 had doubled to $21m thanks to high demand for its transcoding technology
- Envivio had an initial public offering led by Goldman Sachs
- Envivio closed a $16.5m funding round in January 2012, bringing the total raised to $95.1m
- PE firm Thoma Bravo bought out Telestream in December 2011
- Telestream bought fellow transcoding vendor Anystream in September 2011
- Cisco bought Inlet Technologies for $95m in February 2011
- Elemental Technologies closed a $7.5m fundraising round in 2010, bringing the total raised to more than $14m
- RGB Networks bought transcoding vendor Ripcode in 2010
Press Release: Dalet Acquires AmberFin – Purchase Strengthens Dalet’s Leadership in MAM
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