KIT digital announces restructuring

Strategic move to align expenses with operations expected to generate net cash savings of US$40m annually

downsizing Fabrice Hamaide KIT Cloud web-based video-asset management system KIT Cosmos video content management system software KIT digital Media Peter Heiland restructuring video management software

New York – Video management software and services company KIT digital, Inc. announced the implementation of significant workforce reductions pursuant to the restructuring program announced earlier this year. This phase will right size its operation and streamline general corporate functions, while maintaining the company’s high standards of customer service and technical delivery, the company said in a press release.

The restructuring will further enhance efficiencies and focus expertise in the company’s principal areas of operation.   The majority of the expense reductions will arise from non-core areas and general and administrative redundancies. The company will continue to invest in its core competencies: KIT Cosmos video content management system (VCMS) software, supported by Managed Services and Professional Services; and the KIT Cloud web-based video-asset management system.

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