Corpus Media Labs acquires PQ Engineering, Inc; Expanding Hyderabad center
Corpus Media Labs, a Hyderabad based media solutions arm of Corpus group of companies, is pleased to announce the acquisition of Denver, CO based company PQ Engineering, Inc (PQE) in a part cash and part stock deal.
Tweet-- Corpus Media Labs, a Hyderabad based media solutions arm of Corpus group of companies, is pleased to announce the acquisition of Denver, CO based company PQ Engineering, Inc (PQE) in a part cash and part stock deal. The deal is expected to bring an additional USD 4 million dollars in revenue in 2010 delivered from Hyderabad as well as Denver in an onsite offshore model. This would be the third successive acquisition by Corpus after its acquisition of Recreate Solutions Pvt. Ltd., a Mumbai based new media services company and Retreon Inc., a Denver based Cable and satellite focused company.
PQE was founded by Ray Roybal and his team in 2008 with primary focus on cable and satellite with competencies in Test, System Integration and Customer Support.
Corpus Media Labs is a subsidiary of Corpus Group of Companies with competencies in interactivity, application development and media solutions. Mr. Sachin Tummala, Group Chairman, Corpus Group of Companies commented, "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."
Ray Roybal will be the Executive Vice President of Americas and will be in charge of the cable and satellite business unit based out of Denver, CO. Charles Little, formally Vice President of Conax North America will lead the Sales effort as the Vice President of Sales and Marketing, Cable & Satellite division.
Notes to Editor
About PQ Engineering, Inc.
PQ Engineering, Inc. brings to Corpus very skilled digital video consulting group with significant CableLabs® experience and partnership leveraging expertise in head end solutions, system integration/rollout, and next-generation set-top box development and testing. PQE's highly trained, experienced engineering staff provides world-class support services to MSOs, hardware manufacturers, applications developers, content providers, and services companies around the globe.
About CableLabs®
Founded in 1988 by cable operating companies, Cable Television Laboratories, Inc. (CableLabs®) is a non-profit research and development consortium that is dedicated to pursuing new cable telecommunications technologies and to helping its cable operator members integrate those technical advancements into their business objectives. www.cablelabs.com
About Corpus Media Labs
Corpus Media labs is a subsidiary of Corpus group of companies, which is headquartered in Hyderabad, India and has interests in Telecom, Media & Ent, Mobile and Government services across Europe, NA and Asia pacific (www.corpus.com). Corpus Media is focused on Media & Entertainment software and services company focused on building Cross platform applications bringing rich media experiences like Interactivity, Enhanced TV, Customer care, transactional services, participatory and Information services across TV, PC and Mobile.
Corpus media labs cross platform applications can be deployed on top of proprietary Service acceleration platform, "Citadel" as well on industry renowned middleware platforms.
Corpus Media labs suite of products and services are targeted to help IPTV/Cable, DTH, Mobile operators, Broadcasters and content owners enhance ARPU's, reduce churn, improve loyalty, lower operational costs ensuring the quality of experience. www.corpusmedia.tv