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ViewCast buys Ancept Media Server

Fri, 03/06/2009 - 7:10am
Mike Robuck

ViewCast Corp. has bought Ancept Media Server for $1.17 million in cash and $400,000 in restricted stock.

The deal is slated to close March 13. Ancept will stay in its current location of Bloomington, Minn., after the purchase is completed.

Plano, Texas-based ViewCast said the combined company will make products for on-demand video and live video content for both broadband and mobile networks.

ViewCast President and CEO Dave Stoner said the acquisition substantially increased the size of the company's market opportunity and represented a key step forward in ViewCast's strategy to increase its presence beyond live video streaming, to address the broader market for production and management of digital media content.

More Broadband Direct 03/06/09:

•  Clearwire looks past Q4 loss; announces rollout sked
•  Cablevision fires back at CEA complaint over STB waiver
•  Windstream tops 1M data subscribers
•  FairPoint posts Q4 loss amid higher costs
•  RTEC picks GoBackTV for flexibility
•  ViewCast buys Ancept Media Server
•  Former Qwest CEO Nacchio seeking new trial
•  Broadband Briefs for 03/06/09

 

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