Company’s Global Reach Extends into Pan Latin America LOS ANGELES AND BUENOS AIRES – November 28, 2012 – Encompass Digital Media, a global leader in digital media services, announced today its purchase of TIBA Satellite Services S.A. (“TIBA”). With its main operations in Buenos Aires, Argentina, TIBA is the premier provider of outsourced channel origination and transmission services in Latin America which is one of the fastest growing television markets in the world. “We have had the privilege of getting to know the team at TIBA over the last few years while both competing and collaborating for a number of shared clients. It is a fantastic team running a top-notch facility and providing a superior level of service,” said Simon Bax, Chief Executive Officer for Encompass. “This combination further enhances our world-class management team and strengthens Encompass’ position as a leading global provider of mission-critical network origination and transmission services.” “With the rapid growth of the Latin American market being driven by the demand for Pay TV, an increase in channels due to localization and the conversion from SD to HD, TIBA was the perfect complement to Encompass’ existing facilities and business model,” said Bill Tillson, President and Chief Operating Officer for Encompass. “This transaction enhances our geographic diversity and our exposure to these developing markets.” “We have been looking for a partner that would augment TIBA’s position from a business perspective and one that would provide a strong cultural fit,” commented Norberto Alvarez Vitale, Chief Executive Officer for TIBA. “Encompass was the perfect match; a dynamic partner with global reach that will lead the combined company into a new and successful path of growth.” TIBA provides a wide range of services for a number of major global clients including FOX, Disney, ESPN, DIRECTV and Turner. Services include content management (ingest, storage, editing and transcoding); channel origination and transmission; non-linear video distribution to multiple digital platforms; the sales of satellite capacity; equipment provisioning; and a 24/7/365 help desk for cable headends across the continent. In total, TIBA handles more than140 channels broadcast into Pan Latin America.
November 28th, 2012 | Archive