Encoda Systems Acquires Arkemedia Technologies
Companies to Aggressively Develop Seamless Digital Asset Management Solution for Broadcast and Media Industry Workflow Integration
Denver, CO -- Encoda Systems, Inc. announced today that it has acquired Arkemedia Technologies, Ltd., a UK-based digital asset management (DAM) solution provider specifically focused on the media industry. The acquisition expands Encoda’s leadership in providing end to end broadcast and agency solutions by enabling the company’s customers to leverage the powerful workflow capabilities of Arkemedia’s suite of DAM solutions.
The acquisition will tighten product synergies by accelerating the integration of Arkemedia DAM capabilities within Encoda’s full suite of Media Management, Automation and Agency product offerings. Collaboration of development activities between the two companies has been ongoing for the past year. At the International Broadcasting Convention (IBC) in Amsterdam last September, the companies demonstrated an integrated solution combining Arkemedia’s digital asset management tools with Encoda’s broadcast automation and program management solutions. The first product available for general customer release, a dynamic integration between the Encoda D-Series broadcast automation solution and Arkemedia’s advanced DAM database, content ingest manager and workflow functionality, is currently being readied for introduction at IBC, September 9-14, in Amsterdam.
Don Doctor, Chairman of the Board, Encoda Systems stated, “Strategically for Encoda Systems, the addition of Arkemedia allows us to extend our leadership in media management, automation and agency solutions by providing our customers a truly effective integrated digital asset management capability that aids global sales, marketing, syndication, distribution and delivery of content.”
Doctor continues, “It is extremely difficult to tap into the revenue benefits of a DAM solution without tightly integrating it into the other key applications along the digital media supply chain, such as program management and transmission automation systems. With the Arkemedia acquisition, Encoda is now uniquely positioned to offer our customers a genuinely seamless integration.”
Encoda Systems brings to Arkemedia a global sales and support organization and access to Encoda’s extensive research and technology development capabilities. “There are terrific synergies between Encoda Systems and Arkemedia Technologies. We are extremely pleased to be joining a company committed to the media industry and focused on bringing to market innovative solutions that deliver a tangible return on investment.” commented Vincenzo Roberti, founder and CEO, Arkemedia Technologies. Roberti further pointed out that Encoda will facilitate faster growth of Arkemedia’s product portfolio and will provide improved service to existing and new Arkemedia clients.
Arkemedia Technologies will operate as a separate line of business within the Encoda group of companies under the continued leadership of Vincenzo Roberti. Terms of the transaction were not released.
Encoda’s acquisition of Arkemedia comes at a time when media companies are searching for improved methods to leverage the revenue potential of an increasing volume of content and material. Current and prospective Encoda customers serve to gain the following benefits from the merging of technologies developed by the two companies:
- the ability to centralize data stores
- worldwide access/collaborative operations using a browser user interface at the desktop
- superior material version control, reducing mistakes through metadata serialization
- multiple touch points into the material database, enabling contextual material searches from within any department based on the user’s role and specific needs
- superior security, such as restricting access to high resolution files to only authorized users
About Encoda Systems
Encoda Systems, Inc. is the leading global supplier of end-to-end broadcast solutions, including Automation, Sales, Traffic, Programming and Financial Systems for the broadcast, cable, and satellite industries. Most of the leading television, radio, cable and satellite broadcasting companies in the world now use its systems.
Encoda Systems, Inc. (www.encodasystems.com) is the leading global supplier of end-to-end broadcast solutions, including Automation, Sales, Traffic, Programming and Financial Systems for the broadcast, cable, and satellite industries. Most of the leading television, radio, cable and satellite broadcasting companies in the world now use its systems.
Encoda’s Media Management Solutions group processes more than $16 billion in advertising revenues annually. The Automation Products Group is the leading provider of single and multi-channel solutions in broadcast automation focusing on increasing broadcasters’ success and reducing operating costs in the ever-changing and complex world of digital broadcasting.
The company is also a major provider of finance, production and media management solutions for advertising agencies, media buying companies and national media sales rep organizations through its Advertising Solutions Group.
About Arkemedia Technologies
Arkemedia (www.arkemedia.com) was founded to provide broadcasters and content owners with digital asset management solutions designed for the specific needs of the industry, and with the emphasis on maximising throughput and asset value without disrupting existing workflows. The browser-based asset management system is highly modular in design, allowing systems to incorporate functionality that covers the entire digital workflow. Arkemedia digital asset management software is in use in a number of media organisations including Granada Visual and the British Film Institute.