Prasad Corporation announces acquisition

Prasad Corporation announces acquisition of the assets of Digital Film Technology Munich (DFT) and Precision Mechatronics Weiterstadt, Germany - October 1, 2012

Award winning, multi-national company Prasad Corporation headquartered in India, with offices in India, Los Angeles, Singapore & London are proud to announce the acquisition of the SCANITY & FLEXXITY product groups.

Precision Mechatronics and DFT Munich will be merged into a new company called Digital Film Technology GmbH (DFT) who will continue with Research and Development, New Equipment Manufacturing, Sales and on-going Service Support for its large installed client base of legacy products and new sales. Prasad Corporation recognizes that these are challenging times for traditional film use & production and are committed to support Digital Film Technology GmbH in meeting these new challenges.

The general market trend of traditional film scanning is changing and becoming more about historical ingest; restoration and archive management. SCANITY is a real-time 2K & 4K capstan driven ingest scanner more than capable of meeting these evolving and demanding Archival Market conditions. With the traditional business model DFT can supply and continue the development of both the SCANITY and a range of FLEXXITY products to facilitate the best possible solutions for this emerging archive market.

As part of this new business development Prasad Corporation will be retaining a significant number of DFT (Digital Film Technology) and Precision Mechatronics original management team and operational staff, including its Service operation so that it can continue to provide the same excellent customer support going forward.

DFT is looking forward to reaching out to existing and new potential customers over the coming weeks and months ahead; any enquires should be emailed to the following email: info@dft-film.com

About Prasad Corporation and Prasad Group Prasad Corporation, a member of the Prasad Group of Companies founded in 1956, is India's largest provider of integrated services catering to every area involved in film, video and new media production, post production, distribution and exhibition segments. Prasad Group's clientele include major Hollywood studios and they have worked on several Academy Award, Golden Globe Award, National and International Award Winning projects.

For more information and press inquiries, contact corpcom@prasadgroup.org.

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