(Redirected from KIT digital)
ISIN | |
---|---|
Industry | IPTV |
Headquarters | York, United Kingdom |
Peter Heiland (interim) CEO Fabrice Hamaide CFO Mark Christie CTO | |
Website | piksel.com |
Piksel is a video management software and services company, which went by the name of KIT digital until filing for bankruptcy in April 2013.[1][2] The KIT Video Platform is the company's cloud-based video asset management system. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands. The company maintains corporate headquarters in York and principal offices in Atlanta, London, Milan, and San Diego. Upon emerging from bankruptcy in August 2013, the company changed its name to Piksel.[3]
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History[edit]
In late 2007, Kaleil Isaza Tuzman purchased a controlling interest in ROO Group and became the company's CEO and chairman of the board.[4] ROO Group changed its name to KIT digital in 2008 after financial restructuring of the company.[5]
KIT digital embarked on a growth by acquisition strategy and quickly acquired a number of players in the digital media IP video industry. In 2008 they acquired, Sputnik Agency, Visual Connection,[6] Kamera[7] and Morpheum.[8] In 2009, Narrowstep,[9] Nunet,[10] The FeedRoom[11][12] and Juzou. KIT digital was listed on the NASDAQ Global Market in August 2009 under the ticker 'KITD'. The key acquisitions facilitated KIT digital to become one of the largest video software and service providers in the world. In September 2009 KIT digital moved its global headquarters from Dubai, UAE to its European head office and technical operations hub in Prague, Czech Republic citing the European zone now represented in excess of 50% of the company's revenue stream.
In 2010 the company bought the Atlanta-based live event broadcaster Multicast Media Technologies[13][14] and later went on to buy more broadcast and media asset management companies including Benchmark Broadcast Systems,Megahertz Broadcast Systems,Accela Communications and Brickbox Digital Media.[dead link] By October that year, KIT digital was estimated to control 25% of a $500 million market for Internet video-management software.
In January 2011 they spent approximately 77.2 million dollars to purchase three social software and video companies, Kewego,[15]KickApps,[15] and Kyte[15] and KickApps CEO Alex Blum was appointed to the new position of Global COO of KIT digital to manage worldwide operations. A few months later KIT spent over 100 million dollars to purchase TXT Polymedia[16] for 34.4 million and IT software services company ioko[17] for approximately $74 million in cash and 1,509,805 restricted shares of KIT common stock, totaling $91.4 million.
Subsequent collapse[edit]
On November 21, 2012, the company announced errors that will force restatement of prior period financial statements and postponement of Q3 2012 results.[18] The 2009, 2010 and 2011 years and 1Q12 and 2Q12 will be restated; KITD says investors should no longer rely upon previously issued statements for those periods. The company says an event of default exists in a secured loan facility that has 11 mln. USD outstanding; that its cash balance has dwindled to US$10.6 mln., and that cash burn is expected to continue. As a result, KIT is exploring 'a broad set of strategic alternatives,' including financing deals (virtually guaranteed to be dilutive) and a sale. It's also cancelling its 2012 shareholder meeting. Shares traded more than 50% down in after hours trading. The company announced on December 10, 2012, that it has received notice[19] from NASDAQ, because it has not yet filed 3Q results with the SEC. The company no longer complies with the continued listing requirements under Nasdaq. The NASDAQ stock market announced on December 11, 2012, that trading of NASDAQ:KITD shares was halted.[20]
KITD announced on April 16, 2013 that it would file for bankruptcy on April 24 with a debt plan supported by three of the largest shareholders. The company's last financial statements listed a revenue of $107.3 million for the six months ended June 30, resulting in a $110.8 million loss from operations, including a $55 million goodwill-impairment charge. Jones Day, with a claim of $1.6 million for legal services, is shown as the largest unsecured creditor. The case is IN RE Chapter 11. KIT Digital, Inc., Case No. 13-11298 U.S. Bankruptcy Court, Southern District of New York (Manhattan).[21]
Isaza Tuzman left KIT digital in April 2012.[22]
Criminal actions[edit]
The collapse of KIT Digital led to a number of arrests, broadly alleging that the share price was fraudulently inflated by seeking to buy the company's shares with the company's own money through an investment vehicle controlled by Kaleil Isaza Tuzman. Stephen Maiden was sentenced in February 2015 to seven years in prison.[23] In July 2016 Omar Amanat was arrested as part of the criminal case.[24] Kaleil Isaza Tuzman served time in prison in Colombia and was eventually extradited to the USA.[25][26]
In December 2017, both Tuzman and Amanat were found guilty of defrauding Kit investors. Tuzman and Amanat had been accused of conspiring to inflate KIT's trading volume and share price between 2008 and 2011 in an effort to hide their devastating losses.[27] The verdict came after 6 weeks of trial. Three government witnesses who pleaded guilty, including two former KIT executives and a disgraced hedge-fund founder, told jurors of related frauds being directed by Tuzman and Amanat in an effort to hide their disastrous investment losses.[28]
Customers[edit]
KIT digital's clients include Airbus, the Associated Press,[29]AT&T, BBC, BSkyB, Disney-ABC, Google, Hewlett-Packard, Mediaset, MTV, News Corp, RSC MediaGroup, Sky Deutschland, Sky Italia, Telecom Argentina,[30]O2, Universal Studios, Verizon, Vodafone, and Volkswagen.
Technology[edit]
The KIT Video Platform,[31] is the company's cloud-based video asset management system that enables media & entertainment, network operator, and non-media enterprise clients to produce, manage, and deliver live and on-demand, socially enabled video experiences from any source to any screen.
The KIT Video Platform is available in two editions: KIT Cloud and KIT Cosmos.[32] KIT Cloud is a cloud-based, turnkey platform for multiscreen video publishing and monetization, designed for enterprise and media & entertainment organizations seeking an intuitive, turnkey system to manage their videos. KIT Cosmos is an on-premises or managed private cloud solution[buzzword] for advanced, broadcast-grade multiscreen broadband TV deployments.
See also[edit]
References[edit]
- ^'KIT digital riding the online video wave'. 2009-11-23.
- ^'KIT digital bolsters focus on threescreen video for 2009'. 2009-02-27.
- ^Dreier, Troy (August 29, 2013). 'New Dawn for KIT Digital: Relaunches as Piksel With Interim CEO'. StreamingMedia.com.
- ^'Roo Group: Kaleil Tuzman Named Chairman And CEO', PaidContent
- ^'ROO Group Rebrands Itself As KIT digital'.
- ^'KIT digital Acquires Telco/IPTV Services Provider Visual Connection'. 2008-10-07. Archived from the original on 2010-02-06.
- ^'KIT digital Acquires Swedish Mobile TV Firm Kamera'. 2008-05-21. Archived from the original on 2010-06-10. Retrieved 2010-02-05.
- ^'KIT digital Acquires CMS Vendor Morpheum'. 2008-09-05.
- ^'KIT digital Acquires the Assets of Broadband TV Provider Narrowstep'
- ^'KIT digital To Retire The Feedroom And Nunet, Projects 2009 Revenue Of $46M'. 2009-12-05.
- ^'KIT digital Buys 2 Rivals For $20.9M In Cash, Stock'.[dead link]
- ^'The Feedroom Acquired by KIT digital for Mere 10 Million in Stock ; After $61 Million Funding'. 2009-10-05.
- ^'KIT digital Buys Rival Multicast For Approx. $18 Million'.
- ^'KIT digital buys U.S. Multicast for $18 mln'. Reuters. March 15, 2010.
- ^ abchttps://techcrunch.com/2011/01/31/exclusive-kit-digital-acquires-kickapps-kewego-and-kyte-for-77-2-million/
- ^https://techcrunch.com/2011/03/16/kit-digital-buys-polymedia-for-34-4-million-teases-big-upcoming-acquisition/
- ^https://techcrunch.com/2011/04/11/kit-digital-acquires-ip-video-management-and-delivery-company-ioko-for-91-4m-in-cash-and-stock/
- ^'KIT digital, Inc. Announces Restatement of Prior Period Financial Statements and Postponement of Third Quarter 2012 Results'. 2012-11-21.
- ^'KIT digital, Inc. Announces Receipt of Notice From NASDAQ'. 2012-12-10.
- ^'KIT digital to Change Auditors and Announces Delisting From NASDAQ'. 2012-12-18. Archived from the original on 2015-09-24.
- ^'KIT digital Files for Bankruptcy'. 2013-04-26.
- ^'KIT digital's Chairman Resigns'Archived 2014-01-08 at the Wayback Machine
- ^'Two Men Sentenced to Seven Years in Prison for Defrauding Investors in Separate Multi-Million-Dollar Investment Fraud Schemes'. FBI. Retrieved 14 July 2016.
- ^'Omar Amanat Arrested and Charged as Kit Digital Case Widens'. Bloomberg. Retrieved 14 July 2016.
- ^'The Man Who Went From Harvard to Goldman to Colombian Jail'. Bloomberg. Retrieved 14 July 2016.
- ^plainsite
- ^'Omar Amanat found guilty of defrauding startup'. PageSix. 26 December 2017.
- ^'Ex-KIT CEO, Socialite Convicted at Fraud Trial'. Bloomberg. 26 December 2017.
- ^'KIT digital new IP video deal Associated Press'. 2009-10-06.
- ^'kitd.com'. Archived from the original on 2012-07-10. Retrieved 2011-11-02.
- ^'Archived copy'. Archived from the original on 2011-11-12. Retrieved 2011-11-02.CS1 maint: archived copy as title (link)
- ^'Archived copy'. Archived from the original on 2011-11-10. Retrieved 2011-11-02.CS1 maint: archived copy as title (link)
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Piksel&oldid=921010945'
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Basic digital circuits
TINA’s component libraries include of lot of digital components from gates to digital ICs.
Gates: buffer, tri-state buffer, inverter, Schmidt inverter, AND (2, 3, and 4 inputs), OR (2, 3, and 4 inputs), NAND (2, 3, and 4 inputs), NOR (2, 3, and 4 inputs), and XOR
Flip-flops: D latch, D flip-flop, SR flip-flop, JK flip-flop
Digital ICs: 74000 logic family, 4000 logic family
Gates: buffer, tri-state buffer, inverter, Schmidt inverter, AND (2, 3, and 4 inputs), OR (2, 3, and 4 inputs), NAND (2, 3, and 4 inputs), NOR (2, 3, and 4 inputs), and XOR
Flip-flops: D latch, D flip-flop, SR flip-flop, JK flip-flop
Digital ICs: 74000 logic family, 4000 logic family
The complex logic control of modern electronic circuits often requires programmable devices such as Microcontrollers (MCUs), FPGAs, ASICs. CPLDs. SPLDs etc. TINA’s component libraries include more than 800 MCUs, while the other programmable devices can be described by the VHDL and Verilog hardware description languages, both available in TINA.
Microcontroller (MCU) circuits
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HDL simulation
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You can find more information on HDL circuit simulation in TINA at digital HDL simulation (VHDL and Verilog) at