Dalet Digital Media Systems, a leading provider of Media Asset Management (MAM) solutions, software and services for broadcasters and content providers, today announced that it has signed a definitive agreement with Advent Venture Partners to acquire AmberFin, the highly regarded, UK-based company that specializes in video ingest, complex media manipulation, transcoding and quality control (QC) solutions.
The acquisition significantly broadens the Dalet product offerings, which are built around an open, IT-centric technology framework. It affirms the companys 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. 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 Dalets strengths in enterprise MAM-driven solutions, said David Lasry, CEO of Dalet. 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. Its 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.
AmberFin has headquarters in Basingstoke, United Kingdom and Dalet will continue to develop and support the AmberFin product line from that location. Jeremy Deaner is stepping down as CEO of AmberFin but is serving as a consultant for a period of time to facilitate the transition.
With combined revenues of more than 55 million USD, an enhanced global presence, and an impressive roster of talent, technology, products and customers, Dalet solidifies its MAM leadership role and is well positioned to advance its corporate and technology goals.
Learn more about AmberFin and Dalet products at NAB 2014 by visiting the Dalet stand SL2725 and AmberFin stand SU8505.