has acquired assets of Utah-based Move Networks, the technology innovator delivering advanced solutions for large scale streaming of quality video on the Internet.
"We're pleased to bring aboard the talents and proficiencies in adaptive streaming and IPTV from Move Networks which will enable us to expand our portfolio of advanced television technologies serving cable, satellite, telcos and IPTV video providers," said Mike Dugan, president and CEO of EchoStar Corporation.
"TV providers are increasingly demanding the highest quality video delivery over normal Internet connections, and Move Network's patent portfolio and proven customer experience allow us to give clients the core technology necessary to stream live and video-on-demand content," said Roger Lynch, executive vice president of EchoStar Advanced Technologies L.L.C.
"We're excited to join forces with EchoStar, a pioneer in the field of advanced television technologies," said Drew Major, the inventor of adaptive streaming and founder of Move Networks. "We first introduced our products in 2006 and quickly proved that adaptive streaming was the breakthrough invention that proved primetime television programming and professional long form video can be reliably delivered over the Internet at the high resolution quality that is intended. We look forward to the joint efforts of Move and EchoStar engineers in furthering technology innovation in online video delivery worldwide."
Move Network has a global resume of customers who are service providers and content owners in the United States, Germany, Latin America, and the Middle East.
Financial terms were not disclosed.