Prime Focus Technologies on 11th March announced that it has signed an agreement to acquire DAX, a leading provider of cloud-based production work flow and media asset management applications to the entertainment industry for a base consideration of $ 9.1 million in a uniquely structured performance linked transaction.
This acquisition gives PFT ownership of DAX’s patented technology and products including the Primetime Emmy award winning Digital Dailies solution which is the de-facto industry standard in television production. This acquisition also sets the course for PFT’s strategic expansion in North America.
PFT will significantly enhance the value proposition to DAX’s marquee customers including major studios and broadcast networks (Warner Bros. Television Studios, CBS Television Studios, 20th Century Fox Television Studios, Relativity Media, Legendary Pictures, Fox Television Studios, A&E, Showtime, Starz Media and Lionsgate) and many independent production and distribution companies.
Prime Focus is a global leader in providing media and entertainment industry services.
Source: http://cablequest.org/news/international-news/item/4421-prime-focus-technologies-bought-us-based-dax.html
Source: http://cablequest.org/news/international-news/item/4421-prime-focus-technologies-bought-us-based-dax.html
Source: http://cablequest.org/news/international-news/item/4421-prime-focus-technologies-bought-us-based-dax.html
Source: http://cablequest.org/news/international-news/item/4421-prime-focus-technologies-bought-us-based-dax.html
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