CENTERSPAN ACQUIRES INTELLECTUAL PROPERTY
FROM SUPERTRACKS
And while the acquisition of "certain intellectual property assets" sounds like a fancy way of saying they bought porn, that actually isn’t the case. It’s actually much less interesting than that. The assets include source code and documentation for Supertracks' BridgePort Music System, a secure local cache streaming technology. In addition, Supertracks' digital music distribution technology and several associated patents-in-process were also acquired.
Current plans for the BridgePort technology include integration with C-star, CenterSpan's mediated P2P content distribution platform (hitsdailydouble.com, 8/16).
CenterSpan, as we’re sure you all remember, purchased the bankrupt Scour’s assets last year (hitsdailydouble.com, 12/12/00) and then relaunched a watered down Scour Beta earlier this summer (hitsdailydouble.com, 6/18)
Supertracks received approximately 66,900 shares of CenterSpan common stock at a price of $11.21 per share, for a total acquisition price of $750,000—that is, if they cash that stock in RIGHT NOW. Which, considering the shape of the market and the history of tech stocks, might be an excellent idea.
"Supertracks was an innovator in the distribution of content to secure local caches. Our acquisition of Supertracks' technology will help extend the distribution capabilities of the C-star platform," said CenterSpan Chairman/CEO Frank "Burnin’ Down The" Hausmann.
CenterSpan CTO Michael Hudson "Brothers Razzle Dazzle Show" and VP of Engineering Alfred "Killing Me Soft" Lee recently joined the company from Supertracks, and will be instrumental in using the Supertracks technology effectively to drive the accelerated development of C-star.
