GMS Acquires Assets of VFX Digital Solutions

Apr 07, 2006

Global Media Services (GMS) has announced that it has acquired the intellectual property, software applications, and streaming media services infrastructure assets of Vancouver based VFX Digital Solutions, a provider of digital media services, in an all cash transaction. Global Media Services can help corporations generate revenue from live and on-demand video streaming applications through professional services, including ad insertion, pay-per-view, syndication, digital rights management, content management and transaction processing, and clearing.

As part of the acquisition, Global Media Services is purchasing VFX Digital Solutions Broadcast Production Center, Web hosting infrastructure, as well as intellectual property, and patent pending software and web applications. The Global Media Services Broadcast Production Center acquires and encodes broadcast audio and video signals for distribution over content delivery networks and web hosting locations, globally. Terms of the acquisition were not disclosed.