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Monday, May 17th, 2010 | Uncategorized | No Comments
KIT digital has executed a definitive agreement to acquire privately-held Benchmark Broadcast Systems based in Singapore. (All currency figures below are reported in U.S. dollars.)
“Benchmark was a choice acquisition for us in a number of ways, and one which we have been working on for some time,” said KIT digital’s chairman and CEO, Kaleil Isaza Tuzman. “This acquisition demonstrates our commitment to the Asian markets and our determination to be the leader in video asset management in the BRIC markets. It also represents an extension to our existing IPTV systems integration capabilities—which support our larger-scale software implementations with broadcasters and network operators.”
