DivX Acquires Veatros

Aug 24, 2007

DivX, Inc, a company that creates products and services designed to improve the experience of media, has acquired the assets of Veatros, L.L.C., a Kansas limited liability company. Veatros's technology was designed to conduct real-time digital video processing and will be used by DivX primarily for the purposes of producing enhanced video search and discovery services. Veatros was spun out of the Information and Telecommunication Technology Center at the University of Kansas.