Imagine Communications, a portfolio company of The Gores Group and a provider of software and networking solutions serving the global media and entertainment markets, announced the acquisition of Digital Rapids, a provider of IP and file-based media processing solutions and software-defined workflow management technologies.
Digital Rapids's agile software framework accelerates workflow adaptation to changing market dynamics and quickly integrates new technologies as they emerge and evolve, providing advanced service velocity by enabling customers to bring new services and applications to market faster and more efficiently. Building on this software foundation, Digital Rapids' scalable, enterprise-class solutions combine quality, intelligent automation and exceptional workflow agility to automate video processing operations and lower costs while expanding output capabilities to capitalize on rapid growth of mobile video consumption and IP-delivered television services.
This acquisition will also create a comprehensive portfolio of processing and compression solutions for TV Everywhere. Digital Rapids' software-based workflow management, transcoding, and encoding solutions will integrate with Imagine Communications' existing mezzanine quality origination encoding, adaptive bit rate (ABR) transcoding technology, and content delivery network software to create an end-to-end, TV Everywhere solution for optimized file-based and live video stream distribution across a variety of platforms.