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
Phone Number: +18*********
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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- Headquarters: 100 Corporate Pointe, Culver City, California, 90230, United States
- Date Founded: 2000
- Employees: 5001-10000
- Revenue: $500 Million to $1 Billion
- Active Tech Stack: See technologies
Industry: Entertainment
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 official website is https://primefocustechnologies.com/prime-focus-technologies-completes-acquisition-dax
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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