ViewCast Corp. has bought Ancept Media Server for $1.17 million in cash and $400,000 in restricted stock.
The deal is slated to close March 13. Ancept will stay in its current location of Bloomington, Minn., after the purchase is completed.
Plano, Texas-based ViewCast said the combined company will make products for on-demand video and live video content for both broadband and mobile networks.
ViewCast President and CEO Dave Stoner said the acquisition substantially increased the size of the company’s market opportunity and represented a key step forward in ViewCast’s strategy to increase its presence beyond live video streaming, to address the broader market for production and management of digital media content.
