Movico to set up broadcast management system

New Delhi, May 15 (UNI) Eyeing the 300 million dollar content production market, video software firm Movico Technologies today said it plans to create a multi-purpose video production, storage and broadcast management system.

Movico will invest more than one million dollars to set up the system, capable of handling enterprise load, a company statement said.

It also plans to raise over five million dollars to strengthen its portfolio of products, services and aggregation, targeted at the video content market, it added.

According to a FICCI and PricewaterhouseCoopers study, the content production and distribution market is projected to grow to 30 billion dollars by 2012.

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