TMCnet News
Access Media 3 acquires Avvid TechnologiesApr 13, 2010 (Datamonitor Financial Deals Tracker via COMTEX) -- Access Media 3, Inc. has acquired Avvid Technologies, a provider of telephone, internet and digital television services. Both the companies are based in the US. Access Media 3 is a provider of triple-play services. Simultaneously, Access Media 3 has also acquired Cipher, Ltd. and onShore Networks, LLC's MDU business. Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2010-04-12 Deal Participants Target (Company) Avvid Technologies Acquirer (Company) Access Media 3, Inc. Deal Rationale The acquisition is part of Access Media 3's strategic growth plan to expand services for TV, high-speed internet and voice (triple-play services) for the MDU market. It will also expand Access Media 3's regional penetration to more than 40,000 doors passed in more than 300 buildings. |