Nickless Schirmer & Co. partner Pico Digital has recently announced that it will acquire significant assets from International Datacasting Corporation (IDC). Pico Digital is "a worldwide leader in providing multimedia delivery solutions to customers in the broadcast, cable, satellite, and broadband markets", according to its press release, and the acquisition will allow it to better serve its customer base by providing access to IDC's product portfolio. Pico Digital will also take over IDC's customers and supplier relationships, and will retain the majority of IDC's current employees.
Of particular interest in this acquisition is IDC's LASER Multi Program Splicer, which is considered one of the most cost-effective solutions in the industry for controlling broadcast and ad content on multiple channels at once. This enables regional television providers to insert region-specific ads into their programming in order to increase their ad revenue.
Ian Lerner, Chief Executive Officer of Pico Digital Inc, said in a statement, "IDC has been at the forefront of innovation in the satellite industry for many years. We are very excited to add IDC's product portfolio to our line-up of market leading solutions. We are committed to building on our combined portfolio to create the most compelling and comprehensive offering for both current and new customers."
After gaining the approval of IDC's shareholders, the deal is expected to close in June 2015. Together, the two companies will be able to provide data broadcasting, audio distribution and digital cinema solutions.
"Combining forces with Pico Digital is great news for IDC's customers, as they will immediately be offered a broader range of solutions, supported by an even stronger worldwide team," said Doug Lowther, President and CEO of IDC, in the company's press release.