VCI Acquires Digital Transaction Group
Springfield, Mass.-based Video Communications Inc. has acquired Digital Transaction Group, an Austin, Texas-based supplier of automation software systems for the broadcast and cable industry. Financial details of the deal were not released. DTG will now operate as a new division of VCI in Austin, Texas, called VCI Automation.
"DTG is proud to be a part of the VCI team and the vision they have for the future," said James Brown, general manager of VCI Automation, formerly DTG. "The synergy created by merging our companies will expand our capabilities and strengthen our core resources."
DTG's automation system resides on an extensive multilayered platform, Xe. The companies said Xe's architecture is one of the most influential factors of the acquisition. The deal will lead the merged companies in a new global direction and expand their product portfolio.
"We are excited about the acquisition and the opportunities it will afford our two companies going forward. Together with our business system, Orion and the revolutionary technology of Xe, we will be able to provide the industry with a single solution for a total content delivery platform," said Lowell Putnam CEO of VCI. "DTG is a good fit with VCI, sharing a commitment to deliver the right tools to the industry."
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