Loudeye Completes Acquisition of VidiPax

Loudeye (http://www.loudeye.com) said today it completed its acquisition of privately-held VidiPax,an video and audio restoration company.

Terms of the acquisition wasn't released.

Jim Lindner, VidiPax's founder and President, has been named a VicePresident and, in keeping with Loudeye's wacky titles, Minister of Preservation and Access. He willserve as GM of the VidiPax Division.

Loudeye says it plans to expand VidiPax's restorationfacility in New York into a full-service Digital Media Center.

"Loudeye now offers specialized services to repair and restore poor qualitysource materials that are showing up more and more from our customers," said Martin Tobias CEO and founder, "as theoriginal media continues to age and customers go deeper into their archives. We can restore and then repurpose this content with our digital media servicesand applications, including Media Syndicator technology, expanding thecustomer's ability to manage their archival content as well as monetize it."