Local Tech Wire

RALEIGH, N.C. – The Australian Broadcasting Company is delivering news to web and mobile users through video compression technology from

Financial terms of the deal were not disclosed.

Venture-backed Inlet, which is privately held, is one of the world’s leaders in video compression technology and is used for news and entertainment by broadcasters and media firms worldwide.

Inlet worked with partner Magna Systems and Engineering on the ABC-News 24 project, which went live on July 22.

Its technology supports multiple delivery methods as well as many smartphones, such as the iPhone 4 and iPad.

Capitol Broadcasting, the parent company of Local tech Wire, is among Inlet’s investors.

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