Thursday, April 15, 2010

Corpus Media labs acquires US-based PQ Engineering

Corpus Media labs (Sachin Tummala, chairman), a media and entertainment software and services unit of the Hyderabad-based Corpus group of companies, has acquired US-based PQ Engineering, Inc (PQE), a digital video consulting group in a cash and stock deal.

Dallas based Corpus Media labs provides cross platform applications like Interactivity, Enhanced TV, Customer care, transactional services, participatory and Information services across TV, PC and Mobile.

Corpus' cross platform applications can be deployed on top of proprietary Service acceleration platform, ''Citadel'' as well on industry renowned middleware platforms.
Denver, Colorado-based privately held PQ Engineering is a digital video consulting services company with expertise in headend solutions, system integration and rollout, and next-generation set-top box development and testing.

Sachin Tummala, group chairman, Corpus group of companies said, "The combined forces of both the companies will allow expanding our expertise both in India as well as in US providing our cable and satellite customers with a broad range of solutions in the fields of Systems Integration, Application development as well as consulting."

In 2006, Corpus had acquired Recreate Solutions, a London-based new media services company, and followed it up by acquiring Retreon Inc., a Denver based Cable and satellite focused company.

Corpus Media Lab's main backers are private equity firm ConnectCapital, an investment arm of Insight Capital Partners, whose strategic investors include Microsoft and i2 technologies

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