International media and technology group MIH Limited has announced that its subsidiary, Mindport IBS, has merged with Noochee Solutions, an Internet infrastructure and application software company based in Colorado, US.
MIH is a subsidiary of JSE-listed MIH Holdings.
Under the terms of the agreement, Mindport owns 70% of the merged entity, with the remainder held by existing Noochee shareholders.
The merger will combine Mindport`s expertise in such areas as conditional access, event-driven real-time transaction billing and provisioning interfaces and Noochee`s e-business solutions for emerging IP and broadband service providers.
According to management, the merger will greatly reduce time to market for several Mindport products, including broadband provisioning access.
"While we do not know all of the services that will be available in the broadband space, we do know that the management of those services will require some of our core technology and expertise," says Allan Rosenzweig, director of MIH and CEO of Mindport.
"Full broadband utilisation may be many months away but the infrastructure required is being installed now. This said, broadband technologies are complex and operators will find it difficult to exploit the opportunities presented without the help of new tools and systems to deliver their content and services. The combined entity of Mindport and Noochee will greatly accelerate our product development time and market penetration."
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