Adero Acquires Starburst
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Financial terms were not disclosed, but holders of sufficient shares of capital stock of StarBurst Software have already agreed to vote in favor of and approve the merger. Adero expects the merger to be consummated on or about March 30, 2000, subject to closing conditions.
Adero will embed the patented technologies of StarBurst's Omnicast and Autosync Software into Adero's GlobalWise Network and Services for content and applications distribution and e-commerce. The StarBurst Software services enable Adero to deliver content and intelligence to the edge via any IP network regardless of whether it is via the public Internet, a satellite or wireless RF network or any combination thereof, the companies said.
Customers will be able to simultaneously distribute time critical content with guaranteed delivery under their direct control while reducing bandwidth provisioning and thereby significantly reducing costs, the company said. In addition, the network monitoring and reporting functionality supplied by the Adero GlobalWise Service gives customers performance and management information needed to continuously improve their content distribution and e-commerce services to customers.
"The combination of Adero and StarBurst Software gives content providers and e-businesses on the Internet the ability to reach mass audiences around the world with the simplicity and dynamics of broadcast television," said Jonathan Crane, chief executive officer of Adero. "