NEW YORK, NY — (Marketwired) — 08/05/13 — KIT digital, Inc. ("KIT" or the "Company"), a global provider of digital television and media solutions, announced today that its Plan of Reorganization (the "Plan") will be confirmed by the U.S. Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). KIT digital filed for voluntary bankruptcy protection three months ago to cleanse itself of legacy issues, including financial, legal and
NEW YORK, NY — (Marketwired) — 08/01/13 — (the "Company"), a global provider of digital television and media solutions, announced that it has commenced legal action against utd. by content, formerly known as Content Solutions International N.V.In June 2012, Content Solutions International N.V. acquired KIT digital-s content solutions business for $18.8 million, comprised of an initial cash payment of $1.0 million and a $17.8 million multi-year earn-out payment obligation based on
NEW YORK, NY — (Marketwired) — 07/01/13 — ("KIT"), a global provider of digital television and media solutions, recently signed a memorandum of understanding (the "MOU") to settle a series of federal securities lawsuits filed against KIT and certain of KIT-s current and former officers and directors. The lawsuits concerned conduct that was alleged to have occurred between 2008 and 2011. The MOU is an important milestone as KIT continues to build momentum for a successful
NEW YORK, NY — (Marketwired) — 06/18/13 — a global provider of video management software and solutions, has announced the hiring of as Global General Manager, OVP.Mr. Portu has over two decades of experience in the development and operation of highly successful technology companies. He founded TierTwo Systems, a business he sold to Open Text Corporation, where he served as Senior Vice President, playing a key role in the growth of the business from 300 to more than 3000 employees, and inte
NEW YORK, NY — (Marketwired) — 06/04/13 — (the "Company"), a global provider of digital television and media solutions, filed an update to its Plan of Reorganization (the "Plan") which, among other things, provides additional details on the Reorganized KDI Warrants that KIT digital shareholders will receive under the Plan. As previously announced, the Plan includes a recapitalization of the Company which is fully backstopped by three of the Company-s largest shareholders
NEW YORK, NY — (Marketwired) — 04/16/13 — KIT digital, Inc. ("KIT" or the "Company"), a global provider of Digital Television and Media solutions, announced today that it has reached an agreement with three of the Company-s largest shareholders, Prescott Group Capital Management, JEC Capital Partners, and Ratio Capital Partners (collectively the "Plan Sponsor Group"), to sponsor a reorganization of the Company under chapter 11 of the U.S. Bankruptcy Code. The re
NEW YORK, NY — (Marketwired) — 04/12/13 — This week at NAB 2013, KIT digital, Inc., a leading video management software and services company, demonstrated the breadth of their innovative technology capabilities including 2Si and KIT Cloud.2Si made it-s US debut at 2nd Screen Sunday and was a big hit with media, industry experts and attendees alike. 2Si is a white label social program guide app for the world-s multichannel video programming distributors (MVPDs) and drew a lot of attention for
Company Strengthens Go-to-Market & Product Strategy Focusing on Small Business and Prosumers; Taps Ashida to Bolster Management Team Including Hire of Omri Gazitt as SVP of Product Development
