Monday, December 14, 2009

Hibernia Acquires MediaXstream for HD Video Transport

Hibernia Atlantic, which operates a trans-Atlantic undersea cable system, has acquired MediaXstream Inc., a provider of transport and managed network services for the media production and broadcast industries.

MediaXstream is currently operational in 20 major markets in the U.S. and Europe, serving the increasingly growing demand for High Definition video networking and production services by TV and film production, sports, news, mobile content and IPTV.

Hibernia Atlantic said that by adding MediaXstream's high quality transport services to its financial and carrier-focused network, the combined reach, performance and product offering will add significant marketplace opportunities, technological innovation and customer value. In particular, the deal significantly expands the network reach of MediaXstream into more than 10 key European markets while MediaXstream expands Hibernia's North American network to 17 additional key Points of Presence in 14 new cities in the South and West, including Seattle, San Francisco, Los Angeles, Phoenix, Dallas, Houston, Denver, Tampa, Miami, Atlanta, Washington DC, Baltimore, San Diego and Las Vegas.