Optibase Closes On Media 100 Acquisition

Optibase has completed the purchase of substantially all of the assets of Media 100.
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Herzliya, Israel and Marlboro, MA--Optibase has completed the purchase of substantially all of the assets of Media 100.
Commenting on the transaction, Tom Wyler, chairman and CEO of Optibase, said, "We are extremely excited to complete this asset acquisition and add Media 100's products and technology to our industry leading product family. For years, Optibase has been at the forefront of digital video technology, continuously pushing the envelope of video-based applications. The Media 100 acquisition will allow us to leverage our experience in digital video to add editing and compositing solutions to our already wide range of applications. In addition to expanding our product line and adding new customers and channel partners, we are taking on close to 40 highly skilled engineers as well as dedicated sales and marketing professionals who we believe will play a key role in Optibase's performance in the years to come."
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