[0] Mindport to Merge With Noochee Solutions; Merged Company Solutions To Deliver High-Value Content Over Broadband.Business Editors and High-Tech Writers SAN DIEGO--(BUSINESS WIRE)--Nov. 28, 2000 Mindport, a company specializing in the development of solutions that enable broadband operators and providers to deliver high-value content, Tuesday announced its merger with Noochee Solutions, an Internet infrastructure and application software company based in Colorado Springs Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo. Together, the organizations will provide an innovative set of software solutions for broadband operators and providers. Under the terms of the agreement, Mindport will own 70 percent of the merged entity with the balance held by existing Noochee shareholders; the merged company will retain the Mindport name. Mindport is a subsidiary of international media and technology group MIH MIH Make It Happen (band) MIH Master of International Health (University of Copenhagen) MIH Molar-Incisor-Hypomineralisation MIH Men in Hats (online comic) Limited. The acquisition will combine Mindport's best-of-breed expertise in delivering high-value content through conditional access Conditional Access (acronymized CA) is the protection of content by requiring certain criteria to be met before granting access to this content. The term is commonly used in relation to digital television systems, most notably satellite television. , event-driven, real time transaction billing and provisioning interfaces with Noochee Solutions' e-business content applications for emerging IP and broadband service providers, resulting in a clear advantage for Mindport customers. The merger has greatly reduced time to market for several Mindport products, including broadband provisioning access offerings. Noochee's Web-enabled sales and marketing software, SmartMarket by Noochee(TM), and its fully-scalable compensation software, SmartComp by Noochee(TM), will be added to Mindport's Billing&Care, conditional access and content management software applications to offer customers single source management solutions for diverse event-driven, e-business billing, content management, content protection, customer care, sales compensation and marketing channels. "Broadband technologies are complex. Today's providers need to leverage the delivery of high-value content," said James S. Diggs, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mindport Billing&Care Products Group. "With its innovative tools and systems, Noochee is a recognized leader in telecommunications, content management, IP-OSS security tool development, and enterprise OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. products that meet the needs of broadband providers worldwide." "This merger will leverage our collective strengths in delivering high-value content through our knowledge in security, conditional accesses, event billing, provisioning, Internet and content management to help our customers jump ahead of the competition and stay there," stated Frank Ricotta ri·cot·ta n. 1. A soft Italian cheese that resembles cottage cheese. 2. A similar soft cheese made in the United States. , president and CEO of Noochee. Noochee Solution's strategic relationships and key sales channels will provide strong alliances and diverse resources to the Mindport organization. Noochee's customer base includes more than 50 leading telecommunications, broadband and CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. companies. Editor's notes: About Mindport Mindport (www.mindport.com) is a global solutions provider of media commerce technologies for pay-TV and the Internet, enabling platform and channel operators to maximize their e-business opportunities. Mindport has focused its business in the following areas: Conditional Access, Customer Care and Billing, Interactive Set-top Box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. Operating Systems, System Integration and Consultancy, Set-top Boxes and Broadband Internet Systems. About MIH Limited Mindport is the technology division of MIH Limited (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MIHL MIHL Midland Inline Hockey League (Midland, Michigan) MIHL Mullet Invitational Hockey League )(AEX AEX See: Amsterdam Exchange :MIHL) (www.mih.com), a leading international television platform, Internet, and interactive technology company with customers and operations in more than 50 countries. An early innovator in pay-media technologies including conditional access and interactive broadcasting, MIH has derived competitive strength from products developed by Mindport. MIH also owns controlling interests in OpenTV, the world leader in iTV software with applications running on more than 11 million set-top boxes. About Noochee Solutions Noochee Solutions (www.noochee.com) has been focused on developing Internet infrastructure and application software since 1995, leveraging the company's telecommunications and software heritage to develop and market Internet software solutions. Noochee is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. and has more than 100 employees worldwide. The company's headquarters are in Colorado Springs. Except for historical statements contained therein, this news release contains forward-looking statements relating to MIH Limited that involve risks and uncertainties that could cause MIH Limited's actual results to differ materially from those contemplated herein, including but not limited to, the risk factors detailed in the Registration Statement on Form F-1 and other documents filed from time to time by MIH Limited with the Securities and Exchange Commission, as amended. MIH Limited undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion