March 17, 2009–PLANO, Texas and BLOOMINGTON, Minn.– ViewCast Corporation, a developer of industry-leading solutions for the transformation, management and delivery of professional quality video over broadband and mobile networks, today announced that it had closed a transaction to purchase the assets of Ancept Media Server, LLC, a pioneer in digital asset management solutions.
The transaction was finalized on March 13, 2009. ViewCast now has an expanded global business presence with a complete portfolio of solutions that encompasses live and on-demand video encoding, management and delivery. ViewCast President and CEO Dave Stoner said, “Ancept’s proven and mature content management platform, combined with IBM asset management technology, has attracted top-notch customers. This acquisition is a strategic step towards expanding the size and capabilities of ViewCast while broadening our market and bringing a comprehensive, integrated solution to our respective customer bases.”
Stoner also said that the tough economy has not eliminated continuing growth in the demand for and use of streaming media as a vital new business tool. “In fact, the slowing economy has led companies to seek out efficiencies and to create new revenue streams, both of which are enabled by harnessing streaming media via our technologies,” he said.
With the addition of Ancept, ViewCast can present customers with an end-to-end solution for the transformation and management of media for any number of online uses. Stoner added, “We estimate that the market for our combined products and services is now approaching $1 billion annually and our sales and marketing teams are taking the steps necessary to immediately integrate our solutions platforms.”
Research firm Frost & Sullivan has estimated that the digital asset management market alone will reach $632 million in revenues in 2009, reflecting an anticipated compound average growth rate (CAGR) of 26 percent as the market continues to mature. ViewCast’s acquisition of Ancept combines two best-of-breed technologies in one of the markets still expanding today, creating a larger company with potential for an increased rate of future growth. The combination will provide participants in the digital media marketplace with an integrated provider and one-stop solution for all their video management needs. Stoner added, “The rapid expansion of these markets, especially toward high definition, more powerful and reliable performance, and greater ease of use, has underscored the need for structured, secure and scalable content management solutions delivered comprehensively, from one trusted provider. With the addition of Ancept, we can now very capably fill that role.”