Kit digital acquires Nunet and FeedRoom
By Robert Briel
October 6, 2009 11.04 UK
Mipcom 2009 – Cannes. Kit digital, a provider of on-demand software solutions for managing and monetizing IP-based video assets, has announced that it has acquired Nunet AG of Cologne, Germany and New York City-based The FeedRoom.
Nunet was acquired from IMG Worldwide and is considered a premier global provider in the management and delivery of video on mobile devices, while The FeedRoom is a venture capital-backed, privately-held market leader in live video and digital asset management for corporations.
“Nunet and The FeedRoom complement and substantially expand our client base, core capabilities and our commitment to serving video to the ‘three screens’ of the mobile device, browser and television through an IP set-top-box,” said KIT digital’s chairman and CEO, Kaleil Isaza Tuzman. “We expect these acquisitions to be immediately accretive to our financial results and provide substantial synergies in terms of business development, platform technology, geographical footprint and overall growth potential.”
The acquisition of Nunet adds a number of major international clients to the KIT digital roster. A wide range of global mobile network operators use its MobileTV digital asset management system, including Mobilkom, Proximus, SFR, Vodacom and Vodafone Group. Nunet also works with major broadcasters and content producers such as Discovery Channel, Eurosport International, Fashion TV, IMG Worldwide and MTV Networks.
The FeedRoom expands KIT digital’s presence in North America through the addition of more than 80 enterprise customers, including Barnes & Noble, Best Buy, Bristol-Myers Squibb, BusinessWeek, General Motors, Herbalife, Hewlett Packard, Honeywell, Intel, Metlife and the U.S. Department of Defence.