Business
Acquisition of Alarity
Acquisition of Alarity.
About this update from Arkle Resources Plc
[{"type":"text","content":"\n Arc International PLC\n24 September 2007\n\n\nMedia Contact: Financial Contact:\nLee Garvin Flanagin Juliet Clarke\nARC International Financial Dynamics\n+1 408 437 3433 +44 20 7831 3113\[email protected] [email protected]\n\n\n\n\n ARC Acquires Alarity Corporation;\n\n Establishes Multimedia Development Center\n\n In St. Petersburg, Russia\n\n\n\n Alarity's World Class Multimedia Development Team Boosts ARC's\n High Definition (HD) Product Development and\n\n Custom Engineering Capabilities\n\n\nST. ALBANS, England, September 24, 2007 - ARC International (LSE: ARK) today\nannounced that it has acquired Alarity Corporation. Alarity is a privately held\nU.S. multimedia company that has a renowned team of close to 40 personnel based\nin St. Petersburg, Russia specializing in codec software, firmware, and advanced\nmultimedia architectures. The acquisition includes all of Alarity's employees\nand its vast library of optimized solutions for standard definition (SD) and HD\nvideo, hi-fidelity audio, imaging, DSP, and information security applications.\n\n\n\nAlarity's development team already plays a key role in select engagements with \"\nTier 1\" customers creating multimedia solutions based upon ARC's configurable\nprocessors and subsystems. The acquisition will make available Alarity's full\nset of resources to a broader number of ARC customers and prospects, enhance\nARC's ongoing multimedia product development efforts, and bolster its\ncustomer-specific engineering capabilities.\n\n\n\nAlarity's engineers are experts in HD video and image processing, hi-fidelity\naudio algorithms, coding and compression, A/V pre- and post-processing,\nencryption, digital watermarking, and digital rights management. All of these\ntechnologies are essential to create a complete next-generation system for HD\nDVD, BluRay DVD, next-generation iPTV, and HDTV broadcast standards.\n\nAs part of the acquisition ARC has established a multimedia development center\nin St. Petersburg, which complements ARC's existing centers in Cambridge and St.\nAlbans, England, and Silicon Valley. Dr. Eugene Metlitski, co-founder and CTO\nof Alarity, will join ARC's Office of the CTO currently staffed by Dr. Akash\nDeshpande, Dr. David Greaves, Dr. Tom Pennello, and Dr. Nigel Topham. Renowned\nin the field of signal processing, computer architecture, and infor...