Monday, September 13, 2010
DivX Signs German Firm
San Diego-based DivX, the developer of video encoding and decoding technology, said this morning that it has signed a German company, TechniSat Digital Gmbh, as a customer. According to DivX, TechniSat will use its technology in its digital set top box devices and digital televisions for the German market. Financial details of the deal were not announced. DivX develops its own video encoding and decoding technology, which it licenses to consumer electronics firms.