Mumbai and Los Angeles, April 7, 2014: Prime Focus Technologies (PFT), the technology subsidiary of Prime Focus (BSE code: 532748) today announced that it has completed the acquisition of DAX, a leading provider of cloud-based production workflow and media asset management applications to the entertainment industry.
On March 11th, PFT announced a definitive agreement to acquire DAX for a base consideration of US$ 9.1 million in a uniquely structured performance linked transaction. PFT through its US subsidiary will acquire all the assets of DAX for an upfront payment with balance payable over 3 years primarily from cash flows from the North American operations.
This acquisition gives PFT ownership of DAX’s patented technology (US Patent No: 7,660,416/ 8,218,764) and products including the Primetime Emmy® award winning Digital Dailies® solution which is the de-facto industry standard in television production. This acquisition also sets the course for PFT’s strategic expansion in North America. PFT will significantly enhance the value proposition to DAX’s marquee customers including major studios and broadcast networks (Warner Bros. Television Studios, CBS Television Studios, 20th Century Fox Television Studios, Legendary Pictures, Fox Television Studios, A&E, Showtime, Starz, Relativity Media and Lionsgate) and many independent production and distribution companies.
Company Details
- Employees
- 93
- Founded
- -
- Address
- 100 Corporate Pointe,
- Phone
- 310-478-6644
- in****@****oud.com
- Industry
- Entertainment Providers
- NAICS
-
Arts, Entertainment, and Recreation
- Website
- daxcloud.com
- Keywords
- Secure video distribution, Digital Dailies, Video post-production, Asset management, Social, Collaboration, Streaming, Digital distribution, Video supply chain.
- HQ
- Culver City, California
Dax Is Now Clear® Questions
Dax Is Now Clear®'s helpline number is 310-478-6644
Dax Is Now Clear®'s website is daxcloud.com
Dax Is Now Clear®'s LinkedIn profile is https://www.linkedin.com/company/daxcloud
Dax Is Now Clear® has
93 employees.
View email and phone details for 93
employees at Dax Is Now Clear®.
Dax Is Now Clear®'s industry is
Entertainment Providers
Dax Is Now Clear®'s top competitors are
Talentmicro Innovations India,
Harmonia Laboriosa,
Eastshine It Solutions India Private Limited,
Nike,
Azent Overseas Education,
Mhitr,
Dneg,
Ad2pro Media Solutions (2adpro),
Prime Focus Technologies,
Founderx.
Dax Is Now Clear®'s support email address is info@daxcloud.com
Dax Is Now Clear®'s categories are Entertainment Providers
Dax Is Now Clear®'s founding year is 2000
