Lucent Digital Video (LDV), a leading provider of high-quality video compression technology, designs and delivers digital video encoders, decoders and gateways for the broadcast television, cable, and telecommunications markets. This equipment enables customers to compress and move vast amounts of video by making efficient use of bandwidth on the networks. LDV also offers emerging solutions to deliver consumer video services including broadband IP to the home market.
Lucent Digital Video’s technology expands the communication portal for Aastra, said Tony Shen, president of Aastra Technologies Limited. The addition of LDV products to our already broad telecommunications portfolio will allow us to target new customers and deliver exciting new technologies. Furthermore, we will have one of the most talented and seasoned team of engineers addressing the broadband network access market.
We are pleased to have reached a mutually beneficial agreement with Aastra, said John Mailhot, general manager, Lucent Digital Video. This enables Lucent Digital Video to continue to provide quality products to its customers.
With this acquisition, we are now embarked on a path to converge voice, data and video access technologies, said Francis Shen, chairman & CEO of Aastra Technologies Limited. Moreover, this acquisition will redefine our position with our customers and competitors, and bring us to a new level of growth opportunities.
Lucent Digital Video is headquartered in Bridgewater, N.J., and has been manufacturing and marketing digital video products, including MPEG-2 encoders, since 1997.
SOURCE: COMPANY PRESS RELEASE
