Miranda Technologies acquires Softel
Miranda Technologies said it has acquired Softel, a provider of captioning, subtitling, audio and video description, interactivity, and other video technologies.
The value of the deal was not disclosed.
“Captioning is a critical component of the playout chain, and one that is often difficult to manage,” said Marco Lopez, Miranda’s president. “By introducing Softel’s technology into the Miranda portfolio and directly integrating it into our iTX solution, we’ll present broadcasters with further efficiencies – not only in the purchase process, but also during deployment and in post-sale support, as well. Miranda will continue to support the full Softel solutions suite and honor all Softel partner agreements.”
In addition to its Swift line of subtitling and captioning products, Softel also offers a host of advanced television systems that improve efficiency and enable new revenue streams. Network operators can offer interactive television and second screen applications to their subscribers and improve headend efficiency with the MediaSphere suite, or add MPEG ad insertion capabilities with Oliver, the company said. Softel also provides solutions for ancillary data processing, audio/video description and Teletext.
“We’re certain our customers will benefit from the synergies this acquisition creates,” said Sam Pemberton, Softel’s CEO. “Being aligned with Miranda in the Belden family extends our reach into potential new markets, and being part of this team allows us to focus on continuous innovation.”
Miranda was purchased by Belden last year.