(WEB HOST INDUSTRY REVIEW) — In an effort to build greater network solutions for worldwide media companies, transatlantic high bandwidth connectivity provider Hibernia Atlantic (www.hiberniaatlantic.com) has acquired MediaXstream (www.mediaxstream.tv), a leading provider of high-quality transport and managed network services for the media production and broadcast industries.
According to Hibernia’s Tuesday announcement, MediaXstream will be a wholly owned subsidiary of Hibernia Atlantic. MediaXstream’s high-quality transport services will bolster Hibernia’s already robust financial and carrier-focused network, the combined reach, performance and product offering creates significant marketplace opportunities, technological innovation and customer value.
Across 20 major markets spanning the US and Europe, MediaXstream currently serves the growing demand for High-Definition video networking and production services by TV and film production, sports, news, mobile content and IPTV. The merger provides newly combined network capabilities that are ideal for global media and broadcast companies looking for high-performance, security, and local and global connectivity.
“We are combining the strengths and network reach of both companies to respond to the significant growth of the enterprise and media markets,” said Hibernia Atlantic chairman Ken Peterson, who is also chief executive officer of its parent company, Columbia Ventures Corporation. “We are finding that more and more media companies are migrating to multi-service network infrastructures, and away from satellite, in order to satisfy their production and broadcast requirements.”
With expansion projects currently underway, Hibernia Atlantic significantly expands the network reach of MediaXstream into more than 10 key European markets, while MediaXstream expands Hibernia’s North American network to 17 additional key points of presence in 14 new markets including Seattle, San Francisco, Los Angeles, Phoenix, Dallas, Houston, Denver, Tampa, Miami, Atlanta, Washington DC, Baltimore, San Diego and Las Vegas.
Hibernia’s acquisition of MediaXstream offers customers continued diversity in a range of scalable services, including colocation, interconnection and support. In addition, the acquisition enables Hibernia to offer customers critical monitoring support from its Dublin Network Operations Center and MediaXstream’s Television Operating Center in Baltimore.
“We are excited to be a part of the Hibernia Atlantic family and will bring high quality transport and managed network services to Hibernia’s best-of-breed network services,” MediaXstream president Del Bothof said in a statement. “Additionally, MediaXstream will benefit greatly from the financial and wholesale strengths of Hibernia. We are excited to extend our customers’ access into Europe and beyond over Hibernia’s fast and secure network. This deal reflects our commitment to our customers to provide the highest quality network service.”
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