Entertainment giant buys Waterloo spin-off company
A video technology company that was born at Waterloo Engineering has reason to celebrate after its acquisition this week by an entertainment industry giant.
SSIMWAVE Inc., an award-winning, Waterloo-based company, has joined forces with IMAX to lead the charge in video image quality in a deal worth $18.5 million in cash and $2.5 million in stock, plus additional earnout potential of $4 million.