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15/02/2005

Digital Vision announces acquisition of Nucoda

Digital Vision AB has agreed to acquire Nucoda Ltd, a privately held company based in London, and a leading supplier of advanced digital media solutions for film and video, including systems that support the 'digital intermediate' process in both 2K and 4K.
The acquisition of Nucoda will enable Digital Vision to broaden its range of post-production solutions and expand technical capabilities, particularly in the digital intermediate market. The principals of Nucoda will join Digital Vision in similar capacities. All engineering and technical support functions for Nucoda will remain headquartered in London. Digital Vision will continue to invest in the technology already developed by Nucoda, in addition to further development of its own image processing systems for post-production and broadcast applications.
"In just five years, Nucoda has established itself as a leading technology supplier in digital media solutions for film and video", said Robert Ekstrom, President and COO of Digital Vision AB. "Our customers have been asking us to expand our industry-standard product portfolio with data centric solutions. The addition of the Nucoda product line, in combination with our own award-winning image processing algorithms, offers a full range of value points to our customers. We believe there are new prospects in emerging markets, and that we will be fully poised to move forward. We are extremely impressed with the Nucoda team. The combination of their skills and experience with that of the DV engineering team will help us accelerate the development of the important new tools that will help our customers operate more productively and provide the best looking pictures possible."
Simon Cuff, CEO and co-founder of Nucoda, said: "We're very excited by the huge potential that the combined entity offers. Digital Vision and Nucoda possess powerful and complementary brands, products and technology. We look forward to joining Digital Vision as we continue to offer the groundbreaking and high performance products for which we are known."
(GB)
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