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[Satellite TODAY 01-10-11] EchoStar Advanced Technologies has acquired Move Networks, a video streaming technology developer based in Utah, parent company EchoStar Corp. announced Jan. 7.
The EchoStar subsidiary will inherit Move Network’s global customer base of service providers and content owners in the United States, Germany, Latin America and the Middle East. The company said the acquisition also enables EchoStar to expand its portfolio of television technologies serving cable, satellite, telcos and IPTV video providers.
“We first introduced our products in 2006 and quickly proved that adaptive streaming was the breakthrough invention that proved primetime television programming and professional, long-form video can be reliably delivered over the Internet at the high-resolution quality that is intended. We look forward to the joint efforts of Move and EchoStar engineers in furthering technology innovation in online video delivery worldwide,” Move Networks Founder Drew Major said in a statement.
Financial terms of the acquisition were not disclosed.
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