DAX is now CLEAR

Dax Is Now Clear

Entertainment, 100 Corporate Pointe, Culver City, California, 90230, United States, 5001-10000 Employees

primefocustechnologies.com/prime-focus-technologies-completes-acquisition-dax

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Who is DAX IS NOW CLEAR

Mumbai and Los Angeles, April 7, 2014: Prime Focus Technologies (PFT), the technology subsidiary of Prime Focus (BSE code: 532748) today announced that it has completed the acquisition of...

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  • 100 Corporate Pointe, Culver City, California, 90230, United States Headquarters: 100 Corporate Pointe, Culver City, California, 90230, United States
  • 2000 Date Founded: 2000
  • 5001-10000 Employees: 5001-10000
  • dollar-icon Revenue: $500 Million to $1 Billion
  • tech-icon Active Tech Stack: See technologies

industries-icon Industry: Entertainment

SIC SIC Code: 7379 | NAICS Code: 541519 | Show More

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Frequently Asked Questions Regarding DAX is now CLEAR

Answer: DAX is now CLEAR's headquarters are located at 100 Corporate Pointe, Culver City, California, 90230, United States

Answer: DAX is now CLEAR's phone number is +18*********

Answer: DAX is now CLEAR's revenue is $500 Million to $1 Billion

Answer: DAX is now CLEAR's SIC: 7379

Answer: DAX is now CLEAR's NAICS: 541519

Answer: DAX is now CLEAR has 5001-10000 employees

Answer: DAX is now CLEAR is in Entertainment

Answer: DAX is now CLEAR contact info: Phone number: +18********* Website: https://primefocustechnologies.com/prime-focus-technologies-completes-acquisition-dax

Answer: Mumbai and Los Angeles, April 7, 2014: Prime Focus Technologies (PFT), the technology subsidiary of Prime Focus (BSE code: 532748) today announced that it has completed the acquisition of DAX, a leading provider of cloud-based production workflow and media asset management applications to the entertainment industry. On March 11th, PFT announced a definitive agreement to acquire DAX for a base consideration of US$ 9.1 million in a uniquely structured performance linked transaction. PFT through its US subsidiary will acquire all the assets of DAX for an upfront payment with balance payable over 3 years primarily from cash flows from the North American operations. This acquisition gives PFT ownership of DAXs patented technology (US Patent No: 7,660,416/ 8,218,764) and products including the Primetime Emmy award winning Digital Dailies solution which is the de-facto industry standard in television production. This acquisition also sets the course for PFTs strategic expansion in North America. PFT will significantly enhance the value proposition to DAXs marquee customers including major studios and broadcast networks (Warner Bros. Television Studios, CBS Television Studios, 20th Century Fox Television Studios, Legendary Pictures, Fox Television Studios, A&E, Showtime, Starz, Relativity Media and Lionsgate) and many independent production and distribution companies.

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