MCI Completes Acquisition Of ICF From TWI
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ASHBURN, Va., July 6, 2005- MCI, Inc. (NASDAQ: MCIP) today announced the completion of its acquisition of ICF (Interactive Content Factory) assets from TWI's interactive division, a wholly-owned subsidiary of IMG Worldwide, Inc. ICF is a software solution specializing in IP-based media and entertainment services.
"The acquisition of the ICF Media Platform enhances MCI's Digital Media Technology group's ability to provide new IP-based solutions to media and entertainment customers," said Jonathan Crane, executive vice president of Strategy and Corporate Development for MCI. "By combining MCI's IP network capabilities with ICF's IP-based editing tools, we can offer customers a cost-effective effective editing platform that can be accessed anywhere at anytime while achieving new growth potential presented by the digital media marketplace."
The ICF Media Platform is one of the world's first IP-based remote editing platforms targeted toward consolidating the work processes of media-rich industries, including broadcast, iTV, broadband, Web and mobile outlets, such as cell phones and media players. The ICF Media Platform can support the smallest production company to the largest broadcast and film organizations through content acquisition and workflow distribution automation, all of which can be accessed by a computer over a standard office network.
MCI plans to continue to develop, market and sell ICF as a software product and support current ICF customers. In addition, TWI will continue to be a customer, licensing the ICF platform to continue to develop their new media, production and distribution business.
MCI, Inc. (NASDAQ: MCIP) is a leading global communications provider, delivering innovative, cost-effective, advanced communications connectivity to businesses, governments and consumers. With one of the most expansive global IP backbones and wholly-owned data networks, MCI develops the converged communications products and services that are the foundation for commerce and communications in today's market. For more information, go to www.mci.com.
TWI, the media arm of IMG, is the largest independent production company in the UK and the largest independent sports producer and distributor of sports programming in the world. As a global leader in delivering new media services to the world of sports and entertainment, TWI's interactive division leverages this experience by providing solutions that enable the acquisition, management and storage, production and distribution of traditional and digital media, from multiple sources to multiple output platforms including television, interactive TV, broadband Internet and 3G mobile platforms. More information can be found at http://www.imgworld.com
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