IPTVision > Hibernia Atlantic acquires major IPTV player MediaXstream ...

[Silicon Republic - News] Hibernia Atlantic significantly expands the network reach of MediaXstream into more than 10 key European markets while MediaXstream expands Hibernia’s North American network to 17 additional key Points of Presence in 14 new cities in the south and west, including Seattle, San Francisco, Los Angeles, Phoenix, Dallas, Houston, Denver, Tampa, Miami, Atlanta, Washington DC, Baltimore, San Diego and Las Vegas.

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[Telecom News Now - The JS&A Blog] BIG MOVE: Hibernia Atlantic acquires MediaXstream | Telecom News ...: According to Hibernia Atlantic’s CEO, Bjarni Thorvardarson, who is also CEO of the newly acquired MediaXstream – which becomes a wholly-owned subsidiary of Hibernia Atlantic, the companies struck the agreement without any third-party advisors.  MediaXstream will add 33 employees to the overall Hibernia organization, nearly doubling the number of employees.   In addition to the employees, Hibernia Atlantic, through its new acquisition, will retain the MediaXstream brand and services in order to support its corporate customers as effectively as possible.  MediaXstream’s management and sales team will continue to support their clients.   The deal was closed on December 11th, 2009 and is an all stock transaction.  Simultaneously, Hibernia Atlantic raised $13.4M to fund further growth of the combined companies.

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