Scientific-Atlanta acquired Vancouver’s UB Video Inc., a provider of advanced compression technologies for digital video encoding and decoding, this week. Terms of this agreement were not disclosed.
The two companies have collaborated over the past two years to produce advanced digital video encoding technology.
"Broadcasters and service providers alike are looking for ways to deliver high-performance, high-quality video, and the market for this need is expanding at an accelerated pace," said Dr. Faouzi Kossentini, founder of UB Video. "The combination of UB Video’s cutting-edge software and Scientific-Atlanta’s proven leadership in video delivery is a win-win technology combination."
"This combination will provide significant benefits to our customers worldwide as they roll out new and advanced standard- and high-definition programming services to satisfy consumer demand," said Dean Rockwell, vice president and general manager of Digital Media Networks at Scientific-Atlanta.
Scientific-Atlanta is also in the final stages of wrapping up another acquisition with Cisco Systems. The two companies entered into a deal in November and it currently remains subject to regulatory approval.
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