Thursday, October 16, 2008

OpenTV announces acquisition of Australian privately held company

OpenTV Corp., BVI company providing advanced television and advanced advertising services, announced that it has acquired the Australia-based private company Ruzz TV Pty Ltd, which provides software solutions for television broadcasters. Terms of the deal were not disclosed.

Ruzz TV was founded in 1999 by Robert Rutherford and currently has ten employees based in Sydney. Its key technology provides broadcasters with a platform that enables the optimization of broadcast play-out operations and allows for the rapid deployment of highly flexible solutions across a broad range of operational areas. Ruzz TV also manages the actual assembly and transmission of the stream of pictures and sounds that are broadcast to television viewers, and develops solutions supporting content management and delivery across wide range of platforms and formats.