RM-SYSTÉM»Události»KIT digital Completes Previously Announced Divestiture of Content Solutions Business
KIT digital Completes Previously Announced Divestiture of Content Solutions Business
03.07.2012 08:24
NEW YORK, NY and PRAGUE, CZECH REPUBLIC, Jul 02, 2012 (MARKETWIRE via COMTEX) --KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, today completed the previously announced divestiture of its content solutions business. Netherlands-based Content Solutions International NV bought the business for $18.8 million, comprised of initial cash payments and multi-year earn-out payments and subject to customary conditions.
KIT digital management previously announced its plan to divest noncore assets, including the content solutions business, during the company's Q1 2012 earnings call. Today's sale follows management's previously indicated sharper focus on IP video software solutions and services for tier-one customers.
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