On2 Technologies

Video Compression Developer On2 Acquires Hantro for $58.4 Million

Authored by Mark Hefflinger on May 22, 2007 - 10:40am.

Tarrytown, N.Y. - On2 Technologies, a developer of digital video compression and streaming technologies, announced on Tuesday that it will acquire Hantro, a Finland-based developer of video technology for mobile devices, for about $58.4 million in cash and stock.