NDS Announces Acquisition of CastUp Inc.

Aug 10, 2007


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NDS Group Plc, a provider of technology solutions for digital pay-TV, has announced the acquisition of 100% of the share capital of CastUp Inc, a company focused on solutions for management and delivery of video over the Internet, for purchase price of $11.3 million in cash plus additional payments to employees and senior management. Completion is expected to occur during the first financial quarter of 2008.CastUP Inc. provides a solution for acquisition, processing, distributing, serving and monetizing of rich media content over IP and, in particular, video and audio over the Internet. Customers include TV and media companies in Israel as well as the Israeli subsidiaries of large corporations like HP, Amdocs, MTV and Blockbuster.

(www.castup.net, www.nds.com)