In March, digital video encoding and streaming solutions provider Optibase announced that it was acquiring all assets of Media 100 Inc. for $2.5 million. Today the company closed the deal following a favorable judgment from the United States Bankruptcy Court for the District of Massachusetts. The deal expands Optibase’s portfolio of professional video products with the addition of Media 100’s 844/X, Media 100 HD, Media 100 i and other content design tools.
Optibase chairman and CEO Tom Wyler comments, "The Media 100 acquisition will allow us to leverage our experience in digital video to add editing and compositing solutions to our already wide range of applications. In addition to expanding our product line and adding new customers and channel partners, we are taking on close to 40 highly skilled engineers as well as dedicated sales and marketing professionals who we believe will play a key role in Optibase’s performance in the years to come."
Headquartered in Israel, Optibase operates through its fully owned subsidiary in Mountain View, California and offices in Europe, Japan and China. The company provides professional editing, compositing, encoding, decoding, video server upload and streaming solutions for telecom operators, service providers, broadcasters and content creators.