Dalet acquires AmberFin to add video processing and media transformation
Dalet has signed a definitive agreement with Advent Venture Partners to acquire AmberFin, the UK-based company that specialises in video ingest, complex media manipulation, transcoding and quality control (QC) solutions. The acquisition significantly broadens the Dalet product offerings, which are built around an open, IT-centric technology framework. It strengthens the company’s position in MAM and media workflow management by creating solutions that include MAM capabilities along with image processing, media transcoding and distribution.
“AmberFin has been at the forefront in mastering media, including transcoding and video quality control. The company has spearheaded many widely adopted industry standards such as MXF and AS-02. Its talent and expertise directly complement Dalet’s strengths in enterprise MAM-driven solutions,” said David Lasry, CEO of Dalet. “By melding our resources and innovative technologies, we can enrich both the Dalet and AmberFin products to offer the most complete and forward-thinking solutions for content providers to optimise their human resources and media assets. From ingest through multiplatform delivery, operators in News, Sports and Programming will reap tremendous efficiencies and productivity by applying our combined technologies.”
“I am extremely proud of the AmberFin team and its accomplishments. Our award-winning, cutting-edge products are used by prominent broadcasters, content owners and post-production houses around the globe,” comments Jeremy Deaner, CEO of AmberFin. “It’s very gratifying to know that by joining with Dalet, we can together leverage our best-in-class technologies to deliver an outstanding array of solutions that will meet the challenges of the constantly changing digital media landscape.”
AmberFin has headquarters in Basingstoke UK and Dalet will continue to develop and support the AmberFin product line from that location. Deaner is stepping down as CEO of AmberFin but is serving as a consultant for a period of time to facilitate the transition. The combined entity will have revenues of more than $55 million.