PRINCETON NJ – March 1, 2018 — Zipreel Inc. has reached an agreement to be acquired by igolgi, Inc., a leading provider of next-generation video processing products and services for the media and entertainment industry. The acquisition will add Zipreel’s state-of-the-art file-based media processing and analytics solutions to igolgi’s extensive portfolio of products and services for digital television, internet hosting, and post production applications.
“With the merging of file and live video processing in software on general purpose computers, we believe that Zipreel’s distributed processing technology and the mature install base of file transcoding products would be very synergistic with igolgi’s live video processing products,” stated Dr. Kumar Ramaswamy, President, igolgi Inc.
Founded in 2012 and headquartered in Princeton Junction, New Jersey, Zipreel’s full range of products for cable operators, broadcasters, governments, and enterprise customers will continue to be available through igolgi post-acquisition.
“We are thrilled to have Zipreel’s technology and business value recognized by a market leader like igolgi, and excited to become part of their team. We look forward to leveraging our complementary products and services together to continue to grow and innovate in this space.” said Kishore Ramachandran, co-founder and CEO of Zipreel.
Terms of the acquisition were not disclosed and are subject to closing conditions. The acquisition is expected to close in the first half of 2018.
For further information, visit us at NAB 2018 at SU 13702 or at www.igolgi.com
About Zipreel Inc.
Zipreel Inc. is a leading provider of file-based transcoding and media analytics products for cable operators, broadcasters, governments and enterprise customers. Our products include StreamEngine, a scalable and reliable file transcoding product that runs on commercial-off-the-shelf clusters, ObjectDetect, a state-of-the-art video analytics product for moving object detection and tracking for both fixed and mobile camera platforms, and AudioMeta, a cost-effective, real-time speech-to-text engine for live radio channels.
About igolgi Inc.
igolgi Inc. is a provider of next generation video compression and analytics products and services for digital television, internet hosting, and post production applications. Our products include video encoders, decoders and transcoders that provide significantly greater efficiency and advanced features executing on general purpose server hardware. We are committed to bringing to the market superior software-based video signal processing and compression solutions by leveraging the compute power of multi-core and hybrid computer platforms.