Tandberg Television Buys Zetools

Tandberg Television has purchased Los Angeles-based Zetools, a developer of media management software that can be used to deliver digital video services over the Internet. Terms were not disclosed. Zetools' customers include AOL, NBC Universal, MTV Networks, and Viacom. The deal is expected to close in the third quarter of 2006. Tandberg said that Zetools' publishing and management applications remove the road blocks in monetizing and syndicating video over the Internet. More information »