KIT digital Acquires Megahertz Broadcast Systems

September 15, 2010

Source: Megahertz

KIT digital, Inc. (NASDAQ: KITD), the leading global provider of video asset management solutions (VAMs) for
multi-screen IP-based delivery, has acquired the assets of UK-based Megahertz Broadcast Systems Ltd (MHz). Under the terms of the acquisition, KIT digital will acquire 100% of Megahertz?s assets from its Canadian parent company, AZCAR Technologies, Inc.

"Megahertz is one of the most respected providers in the advanced digital video systems integration market," said Kaleil Isaza Tuzman, chairman and CEO at KIT digital.

"This acquisition extends our existing advanced digital
and IP video systems integration capabilities which support our larger-scale software implementations with broadcasters and network operators. It also underlines our mission of bridging the gap between traditional broadcast and new media for our customers, as we offer global professional service and implementation capabilities which are demanded by large customers and are notably absent in our competitive segment."

Frances Jarvis, managing director of Megahertz, said: "This strategic move will extend our reach and solidify our offering to our global media customers. Our in-depth knowledge of broadcast and IT solutions enables us to address the challenges faced by our clients in the deployment of new technology while minimising the risk to their business. KIT digital is clearly emerging as a company that understands the changing media and
entertainment environment, where consumers can access content anywhere, any time and on any device, and they deliver IP-based solutions to meet this demand. With these joint credentials, together we are able to guide
customers through the ever-changing media environment to allow them to pursue new revenue streams and deploy technology solutions throughout the content chain."

Megahertz has extensive global experience in delivering turnkey solutions along the complete content distribution chain from venues, stadiums and AVIT applications to the build out of Outside Broadcast (OB) trucks, high-definition studios and server-based playout through to the installation of earth stations. The company has historically been strongest in the Europe, Middle East & Africa (EMEA) zone, and clients include Al Jazeera, APTN (UK), ART, BBC, British Telecom, BSkyB, CNN, eTV (South Africa), Fiji TV, Goldman Sachs, ING Barings, Kuwait TV, Qatar Radio & TV, RTBF, RTE, SIS, Telenor, TF1 and TV4 Sweden.

Ely, UK will continue to be home to the Megahertz team who will become an integral part of KIT digital's existing EMEA sales and account management activities.

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