Singapore/Hong Kong – Content management and delivery company GlobeCast and Pacific Century Group have reached a conditional agreement for the acquisition by GlobeCast Asia of Hong Kong-based broadcast services company Pacific Century Matrix (HK) Limited (PCM). When the transaction is complete, PCM will be renamed GlobeCast Hong Kong – GlobeCast’s fifth office in Asia and 18th office worldwide. GlobeCast and PCM’s international roster of clients will benefit from the companies’ combined resources, including two major technical hubs in Singapore and Hong Kong. The Hong Kong teleport and MCR facility will also be interconnected with GlobeCast’s 12 other teleports and technical operations centres around the world, as well as with the company’s extensive satellite and fibre content distribution network. In the past five years, GlobeCast has made significant investment in Asia, adding three new offices (Beijing, Seoul and now Hong Kong) to its portfolio, creating important partnerships to expand facilities and services, and increasing its fibre interconnection and satellite capacity in the region. Neither the terms of the agreement nor the transaction amount were disclosed.