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DivX Acquires Digital Video Processing Firm Veatros
/ August 23, 2007 2:58 pm

San Diego – DivX, a developer of video compression and distribution technologies, announced on Thursday that it has acquired the assets of Veatros, a provider of real-time digital video processing that was spun out of the University of Kansas' Information and Telecommunication Technology Center.

Terms of the deal call for a purchase price of up to $4.25 million, which includes $2 million in cash and up to $2.25 million in addition payments based on technology-related milestones.

San Diego-based DivX said it will use Veatros' technology to produce enhanced video search and discovery services.


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