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Digital Vision Aquires Nucoda

Combination offers broad range of DI and color-correction solutions (February 14, 2005)

Digital Vision AB announced today that it has agreed to acquire Nucoda Ltd. Nucoda is a privately held company based in London, England, and is a leading supplier of advanced digital media solutions for film and video, including systems that support the "digital intermediate" process in the 2K and 4K domains.

The acquisition of Nucoda will enable Digital Vision to broaden its range of post-production solutions and expand technical capabilities, particularly in the digital intermediate market. The principals of Nucoda will join Digital Vision in similar capacities. All engineering and technical support functions for Nucoda will remain headquartered in London. Digital Vision will continue to invest in the technology already developed by Nucoda, in addition to further development of its own image processing systems for post-production and broadcast applications.

"In just five years, Nucoda has established itself as a leading technology supplier in digital media solutions for film and video", said Robert Ekstrom, President and COO of Digital Vision AB. Our customers have been asking us to expand our industry-standard product portfolio with data centric solutions. The addition of the Nucoda product line, in combination with our own award-winning image processing algorithms, offers a full range of value points to our customers. We believe there are new prospects in emerging markets, and that we will be fully poised to move forward. We are extremely impressed with the Nucoda team. The combination of their skills and experience with that of the DV engineering team will help us accelerate the development of the important new tools that will help our customers operate more productively and provide the best looking pictures possible."

"We're very excited by the huge potential that the combined entity offers," said Simon Cuff, CEO and co-founder of Nucoda. "Digital Vision and Nucoda possess powerful and complementary brands, products and technology. We look forward to joining Digital Vision as we continue to offer the groundbreaking and high performance products for which we are known."

About Nucoda:
Headquartered in Soho, London, Nucoda is a developer of advanced digital media applications specialising in solutions for film and video. Its experienced product design team has successfully delivered award-winning and innovative solutions from the early days of digital content creation right through to the present digital film revolution. These skills, combined with a thorough understanding of the content creation process for film and video, have made Nucoda one of the most experienced and accomplished developers of digital media products.

About Digital Vision:
Digital Vision provides innovative image restoration, enhancement and color correction systems that major movie studios, television networks and postproduction facilities use to improve the look of feature film, TV program and commercial content. The company's products are a standard of the media & entertainment industry and are deployed at top facilities around the world.

Digital Vision was founded in 1988 and is headquartered in Stockholm, Sweden, with a wholly owned subsidiary, Digital Vision (US), in Los Angeles, California. The company maintains its global presence through a network of qualified distributors. Digital Vision is listed on the Stockholm stock exchange.

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Related Keywords:Digital Vision, Nucoda, DI, color-correction, digital intermediate, image processing, Robert Ekstrom, Simon Cuff, image restoration,


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