International Datacasting Corp. has acquired product lines and technology from Comtech Tiernan Video Inc., including satellite equipment for pro radio broadcast applications.
The price tag is about $2.04 million. Tiernan is a subsidiary of Comtech Telecommunications Corp.
IDC offers services for satellite distribution of broadband multimedia content. Involved in the sale are digital video compression and decompression products including high definition and standard definition video encoders, video receivers, interface converters, as well as satellite audio and data broadcast equipment for television contribution and distribution network applications.
“The product line also includes satellite equipment originally developed and marketed by Comstream for professional radio broadcast applications,” the companies stated.
“Both the radio and television network product lines are being acquired by IDC, which will sell them on an exclusive basis going forward.”
The deal brings IDC about 30 former Tiernan employees plus intellectual property, trademarks, inventory, customer and vendor lists, as well as OEM reseller partnerships related to the Tiernan-related product lines being acquired.
IDC President/CEO Ron Clifton stated in the announcement, “The addition of the Tiernan video encoding and decoding technology to our product mix expands the total addressable market in our targeted video broadcast space.” He said Comstream audio products combined with IDC’s PROFLine and SuperFlex digital audio product lines will reinforce IDC’s position in the broadcast radio market.