Optibase Ltd. on Monday announced that it has entered a definitive agreement with effects software maker Boris FX to sell its non linear editing product line. Less than a year and a half ago
it had acquired
Media 100, a manufacturer of digital video editing hardware and software.
Following Optibase’s acquisition, Media 100 announced a renewed focus on the Macintosh platform. The company released Media 100 HD, a High Definition version of its combination hardware/software for digital video editing pros. The company also has a software-only version, Media 100 sw. Boris FX is the Boston, Mass.-based developer of titling, compositing and effects solutions for video pros.
Under the terms of the agreement, Optibase and Boris FX will share revenues derived from any future sales of these products of up to US$2 million. Optibase also will supply Boris FX with manufacturing services for Media 100 HD hardware.
In a statement announcing the transaction, Optibase CEO Uzi Breier said that the deal with Boris FX will allow his company to focus its efforts on the IPTV market. IPTV focuses on the distribution of television content over TCP/IP and broadband networks.