07.20.2010 02:00 PM
Vitec Multimedia Acquires Focus Enhancements
CHATILLON, FRANCE: Focus Enhancements has been acquired by French
video compression specialist, Vitec Multimedia, the companies announced
recently. Transaction terms were not disclosed. The deal adds video acquisition
and management technologies to Vitec Multimedia’s line-up, and follows its $8
of Optibase’s video business.
Focus Enhancements, based in Campbell, Calif., emerged from Chapter 11
bankruptcy in May, 2009. The reorg involved $2.5 million in
debtor-in-possession financing that was to be converted into equity. It was
traded on the NASDAQ before filing and subsequently being taken private. The
reorganized company employed around 100 people. President and CEO Brett Moyer
“Focus has partnered with Vitec Multimedia in the past, and given our
successful history, we concluded that the sale of Focus’ Systems Group to Vitec
was the right decision,” Moyer said. “We wanted to be sure that current Focus
Enhancements video customers and partners would be well taken care of, while Focus’
Semiconductor Group continues to develop solutions for the wireless audio
distribution and the TV-out video encoder markets.”
Vitec Multimedia is a relatively small vendor outside of Paris that’s been on a
buying spree lately. It doesn’t appear to be part of the London-based Vitec
Group, which owns brands such as Nucomm, Litepanels, Sachtler, Vinten,
Anton/Bauer and others.
Vitec Multimedia’s acquisition of Optibase’s video division closed July 1.