San Diego-based Lynx Technology acquired the North American and European operations of PacketVideo five months ago for undisclosed terms. A publicist for Lynx said that the deal, which closed March 27, called for delaying an announcement until September.
The seller was Japanese telecom company NTT DOCOMO, which will hang on to PacketVideo’s Japanese business. DOCOMO bought San Diego-based PacketVideo in 2010.
“After considering a variety of interested buyers, we determined that Lynx Technology was the best choice to acquire our operations in North America and Europe,” said Kazushige Yoshida, CEO of PacketVideo Japan, in a Sept. 1 announcement. “It was important to us to ensure a smooth transition for customers and staff in those markets.”
There was no word on how many employees the deal affected.
The business acquisition includes the grant of an irrevocable, nonexclusive license of PV’s media technology, Twonky, from PacketVideo to Lynx Technology.
Lynx Technology is the DBA name of San Diego-based J.M. Driver LLC. John Driver, CEO of the acquiring company, was formerly PacketVideo’s chief operating officer.