Mooreland Partners advises Digital Fountain in Its Sale to Qualcomm
Greenwich, CT – February 24, 2009 Mooreland Partners, a boutique investment banking firm serving the global technology industry, is pleased to announce it has acted as exclusive financial advisor to Digital Fountain in its sale to Qualcomm. Terms of the transactions were not disclosed.
About Digital Fountain
Digital Fountain provides broadcast and data transport software for digital media delivery. Its solutions eliminate common application limitations and content degradations associated with digital media distribution including variations in available bandwidth, packet loss, congestion and latency. Digital Fountain serves mobile carriers, IPTV providers, and national defense agencies in the United States and internationally
About Qualcomm Incorporated
Qualcomm Incorporated (Nasdaq: QCOM) is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies. Headquartered in San Diego, Calif. Qualcomm is included in the S&P 100 Index, the S&P 500 Index and is a 2008 FORTUNE 500 company.
Coverage article by Fierce Wireless:
Qualcomm acquires Digital Fountain
February 27, 2009 – 11:52am ET | By Jason Ankeny
Qualcomm has quietly acquired mobile broadcast and IPTV software solutions provider Digital Fountain. Financial terms of the deal are unknown–Qualcomm has yet to make an official statement, although a brief statement on the Digital Fountain website confirms the acquisition. Seeking Alpha contends Digital Fountain’s value to Qualcomm lies in its proprietary DF Raptor technology, which has been adopted by standards bodies including 3GPP, DVB and IETF. According to Digital Fountain, its software optimizes the delivery of digital media over any network, and is presently in use by mobile carriers, IPTV providers and national defense agencies. Digital Fountain partners include Nokia, Adobe, Cisco, KDDI and Sony.