Newly formed Antix Digital Inc. has acquired the livestreaming and compression-solutions portfolio from Imagine Communications. Led by Tony Huang, the former head of product management for the same product family at Digital Rapids, the new company will accelerate future development of the solutions while, at the same time, taking over service and support for existing customers and systems.
The transaction encompasses software-based compression, processing and streaming solutions that enable leading media enterprises to engage audiences across delivery platforms efficiently and profitably. The foundation of the product line was developed by streaming-solutions developer Digital Rapids, which Imagine Communications acquired in 2014. Imagine continued to evolve the portfolio with enhanced features and new products, but, with streaming-media delivery now deeply entrenched in today’s society far beyond commercial media and entertainment applications, it became clear that there are broader opportunities.
The transaction also marks the return of the portfolio’s original StreamZ product branding. Solutions making the transition to Antix Digital ownership include the StreamZ Live family, the StreamZ Ingest and the StreamZ ONE.
Imagine will continue to sell the Antix-acquired products to its customers in the capacity of a non-exclusive Antix reseller. Antix will honor Imagine Communications’ existing customer-support contracts for these solutions.
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