KIT digital Acquires Megahertz Broadcast Systems

Ely, UK will continue to be home to the Megahertz team who will become an integral part of KIT digital

KIT digital, Inc. (NASDAQ: KITD), a leading global provider of video asset management solutions (VAMs) for multi-screen IP-based delivery, has acquired the assets of UK-based Megahertz Broadcast Systems Ltd (MHz). Under the terms of the acquisition, KIT digital will acquire 100% of Megahertz’s assets from its Canadian parent company, AZCAR Technologies, Inc.

advertisement

“Megahertz is one of the most respected providers in the advanced digital video systems integration market,” said Kaleil Isaza Tuzman, chairman and CEO at KIT digital. “This acquisition extends our existing advanced digital and IP video systems integration capabilities—which support our larger-scale software implementations with broadcasters and network operators. It also underlines our mission of bridging the gap between traditional broadcast and new media for our customers, as we offer global professional service and implementation capabilities which are demanded by large customers and are notably absent in our competitive segment."

Frances Jarvis, managing director of Megahertz, said: “This strategic move will extend our reach and solidify our offering to our global media customers. Our in-depth knowledge of broadcast and IT solutions enables us to address the challenges faced by our clients in the deployment of new technology while minimising the risk to their business. KIT digital is clearly emerging as a company that understands the changing media and entertainment environment, where consumers can access content anywhere, any time and on any device, and they deliver IP-based solutions to meet this demand. With these joint credentials, together we are able to guide customers through the ever-changing media environment to allow them to pursue new revenue streams and deploy technology solutions throughout the content chain.”

advertisement

Megahertz has extensive global experience in delivering turnkey solutions along the complete content distribution chain — from venues, stadiums and AVIT applications to the build out of Outside Broadcast (OB) trucks, high-definition studios and server-based playout through to the installation of earth stations. The company has historically been strongest in the Europe, Middle East & Africa (EMEA) zone, and clients include Al Jazeera, APTN (UK), ART, BBC, British Telecom, BSkyB, CNN, eTV (South Africa), Fiji TV, Goldman Sachs, ING Barings, Kuwait TV, Qatar Radio & TV, RTBF, RTE, SIS, Telenor, TF1 and TV4 Sweden.

Ely, UK will continue to be home to the Megahertz team who will become an integral part of KIT digital’s existing EMEA sales and account management activities. The companies will be jointly presenting their products and solutions at the annual IBC Conference in Amsterdam, the Netherlands on September 10-14, 2010.

About Megahertz Broadcast Systems, Ltd.

UK-based Megahertz Broadcast Systems is one of the world’s premier independent broadcasting systems integrators. Megahertz experience covers every aspect of systems implementation from engineering planning, project management, design, product evaluation, commissioning, training, support and IT services. Megahertz has completed turnkey projects for some of the world’s leading broadcasters, telecommunication and digital media companies.Megahertz has constructed sophisticated IP-based news gathering solutions and HD broadcast facilities as well as “best of breed” outside broadcast vehicles. For additional information, visit

advertisement

Megahertz Broadcast Systems

About KIT digital, Inc.

KIT digital (NASDAQ: KITD) is a leading global provider of video asset management solutions (VAMs) for multi-screen IP-based delivery. KIT VX-one, the company's family of end-to-end software platform solutions, enables enterprise clients to acquire, manage and distribute video assets across the three screens of today's world: the personal computer, mobile device, and IPTV-enabled television set. The application of VX ranges from commercial video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital's client base includes more than 1,000 customers across 40+ countries, including The Associated Press, Best Buy, Bristol-Myers Squibb, Disney-ABC, FedEx, General Motors, Google, Hewlett-Packard, Home Depot, IMG Worldwide, ESPN Star, MediaCorp, News Corp, Telefonica, Verizon and Vodafone. KIT digital is headquartered in Prague, and maintains principal offices in Atlanta, Beijing, Buenos Aires, Cairo, Chennai, Cologne, Delhi, Dubai, Kolkata, London, Melbourne (Australia), Mumbai, New York, Singapore, Stockholm and Toronto. For additional information, visit

advertisement

KIT digital

advertisement

advertisement

advertisement