Business
Miranda Technologies Completes Acquisition of VertigoXmedia
Miranda Technologies Completes Acquisition of VertigoXmedia.
About this update from M3 Metals Corp.
[{"type":"text","content":"\n\n\n\n\nMONTREAL, May 2 /CNW Telbec/ - Miranda Technologies Inc. (TSX: MT), a\nglobal developer, manufacturer and marketer of high-performance hardware and\nsoftware for the television broadcast industry, today confirmed that it has\ncompleted the acquisition of VertigoXmedia, inc., announced on April 22, 2006.\nVertigoXmedia is a MontrDeal-based manufacturer of high-end graphics automation\nsoftware and systems.\nThe transaction allows Miranda to add a powerful suite of software\nworkflow and graphics capabilities to its existing, highly successful playout\nbranding products. In addition, the VertigoXmedia graphics platform, a\npowerful solution for the automated presentation of live graphics, will\nprovide Miranda with a new product range for production environments.\nVertigoXmedia is the first acquisition announced by Miranda Technologies\nsince its Initial Public Offering (IPO), which was completed in December 2005.\n\nAbout Miranda\n\nMiranda Technologies Inc. (TSX: MT) develops, manufactures and markets\nhigh-performance hardware and software for the television broadcast industry.\nIts solutions are purchased by content creators, broadcasters, specialty\nchannels and television service providers to enable and enhance the transition\nto a complex multi-channel digital and HDTV broadcast environment. This\nequipment allows customers to generate additional revenue while reducing costs\nthrough the more efficient distribution and management of content as well as\nthe automation of previously manual processes. Miranda employs over 350 people\nat its MontrDeal headquarters and in its offices located in Wallingford (UK),\nParis (France), Tokyo (Japan), Hong Kong, Beijing (China) and Springfield (New\nJersey). Miranda became a public company on December 8, 2005 and is listed on\nthe Toronto Stock Exchange. For more information, please visit\nwww.miranda.com.\n\nAbout VertigoXmedia\n\nVertigoXmedia, inc. is an innovator in the field of graphics automation\nsolutions for broadcast television, cable and digital signage. The company's\npatented products significantly streamline the graphics production workflow by\noffering the ability to automatically capture and control live data, create\ncorresponding data-driven graphics, and deliver professional, real-time\ngraphics to multiple output channels. VertigoXmedia also offers award-wi...