Move Networks Acquires U.K.-based Inuk Networks
American Fork, Utah-based Move Networks, a provider of high definition video streaming technology, announced today that it has acquired U.K.-based Inuk Networks. Financial terms of the transaction were not disclosed. According to Move, Inuk has developed a television platform that provides new opportunities for monetizing customers with targeted advertising and converged applications. Move said Inuk also provides IPTV services (branded Freewire) to universities in the United Kingdom, Ireland and Canada. Move added that it is committed to developing and growing the Freewire platform, which will launch Stateside later this year.
posted on Wednesday, April 22, 2009
Related companies:
MOVE ADVISOR, INC.
Related stories:
> Move Networks Gains $7.78M
> Sorenson Media Appoints Tech Veteran As New CEO
> Move Networks Gets Win With Discovery
> Move Networks Gets Win With Cable & Wireless
> Level 3, Move Networks In CDN Deal
Techrockies.com Home