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Press Release
For Immediate Release:
Origin Digital Acquires Media Services Division from SAVVIS
Weehawken, NJ (December 1, 2006)
Origin Digital, Inc., a global video applications service provider, today announced the acquisition of the Media Services Division from SAVVIS, Inc. (NASDAQ:SVVS), a global leader in IT infrastructure services for business applications. SAVVIS' Media Services Division was originally founded as Live Online in 1998.
The acquired technology, physical assets, and media operations facility and studios located in Weehawken, NJ reinforces and extends Origin Digital's strategic capability to deliver a wide range of virtual broadcast, broadband, and mobile solutions. This includes automating the process of acquiring, transforming, and distributing all forms of digital content.
Origin Digital enables content creators and distributors to extend their digital media presence through its physical and virtual production, broadcast and infrastructure facilities. Building on a legacy of innovation, Origin Digital continues to be an industry originator. It was the first company to offer an on-line production center in the market; the first to launch a Video Serving Portal; and the first to deliver live pay-per-view entertainment over the Internet.
"Leveraging the assets and expertise acquired from SAVVIS, we have bolstered our capabilities to keep pace with the growing demand for delivering all forms of digital content via traditional broadcast channels as well as broadband and mobile platforms," explained Darcy Lorincz, Chief Executive Officer at Origin Digital. "In the near-term, we will integrate the media operations facilities from the SAVVIS acquisition and launch a series of tools and services to help content creators and distributors offer new programming and solutions across a mix of platforms and devices."
About Origin Digital:
Origin Digital, Inc. is a global video applications service provider that applies the rigors of broadcast to the management, distribution and delivery of all forms of digital content. Origin Digital enables content creators and distributors to extend their digital media presence through its physical and virtual production, broadcast and infrastructure facilities. Through its network of strategic partners and directly via global points of presence, Origin Digital provides hosted applications, tools and services to simplify digital media management, transformation and distribution. Its clients include media and entertainment organizations as well as global brands. Origin Digital is privately held, with facilities in Los Angeles, Santa Clara and London and is headquartered in the New York Metro Area. For further information visit www.origindigital.com.
