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GDC Technology Limited is a digital cinema solutions provider. GDC Technology develops, manufactures and sells digital cinema servers, content storage systems, theatre management systems and network operations center software for digital cinema. In addition, GDC is the appointed worldwide certification services agent, with exclusivity in Asia to certify DTS:X immersive sound auditoriums for DTS, Inc. GDC also provides a suite of digital cinema products and services, including integrated projection systems, 3D products, projector lamps and silver screens. GDC's subsidiary, GDC Digital Cinema Network Limited, manages VPF for approximately 5,000 theater screens and 250 motion picture distributors worldwide.

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Hong Kong—Oct 17, 2011

Carlyle-Led Consortium Acquires 80% Stake in GDC Technology

Asia’s largest digital cinema server provider to accelerate digitalization of movie screens with new shareholder
Global alternative asset manager The Carlyle Group today announced a Carlyle-led consortium, including Yunfeng Capital, has closed the acquisition of an approximately 80% stake in GDC Technology (GDC Tech), Asia’s largest cinema digital server provider, from its existing shareholders. 

The investment was led by Carlyle Asia Growth Partners IV, a US$1 billion fund targeting high-growth companies. Dr. Man-Nang Chong, founder of GDC Tech, will continue to lead the company as CEO and remain a significant shareholder. The new shareholder will continue to support GDC Tech’s growth strategy and accelerate its penetration of digital movie screens in Asia and around the world. Further details of the transaction were not disclosed.
 
GDC Tech was founded by Dr. Man-Nang Chong in Hong Kong 12 years ago; it has since developed into a global player with its products and systems distributed to more than 20 countries globally and an established presence in the U.S., China, Europe, Singapore, Japan and Hong Kong. With more than 11,000 installed servers as of September 2011, GDC Tech ranks second globally, based on publicly disclosed installed servers worldwide.
 
Emerging markets, led by China, are expected to experience the fastest growth in digital movie theatres with faster adoption of new movie technologies, faster upgrade and shorter replacement cycles, outpacing the rate of digitalization in most developed markets. According to a recent study by Entgroup Consulting, an entertainment research group, China’s cinema digitalization level is as high as 70%. GDC Tech is well positioned to further capture this exponential growth in cinema digitalization. GDC Tech believes it is China’s largest digital cinema server provider with more than 4,500 installed servers representing a 54% market share and Asia’s largest player based on its more than 6,800 installed servers.
 
“We are honored to join the Carlyle family,” said Dr. Man-Nang Chong, Founder and CEO of GDC Tech. “Carlyle’s investment will accelerate our global market expansion and further enhance our customer network. Carlyle has a strong presence in the media and technology sector. We will be able to leverage its resources and relationships to further expand our business, strengthen our R&D efforts, grow in new markets, and develop partnership and business opportunities with and beyond Carlyle’s current portfolio of companies.”
 
Wayne Tsou, Managing Director and Head of Carlyle Asia Growth Capital group, said: “GDC Tech’s sustained development, market leadership and strong management team inspired our confidence in the company’s adaptable expansion model and high growth potential. We are excited to play an enabling role in the global cinema digitalization by supporting GDC Tech and Dr. Chong. We look forward to contributing our experience in the media sector and Carlyle’s global network of relationships to accelerate the growth of the company.”
 
The worldwide movie exhibitor industry has been rapidly moving towards digitalization since 2009. There are an estimated 150,000 movie screens in total on a worldwide basis. The digitalization of worldwide screens has grown from 11% as of end of 2009 to 25% as of first quarter of 2011, according to Screen Digest.
 
GDC Tech was previously majority owned by GDC Holdings, a listed company in Hong Kong.


GDC Technology Limited Contacts:
Media Contact:   Tony Adamson

GDC Technology Limited
Unit 1-7, 20th Floor, Kodak House II, 
39 Healthy Street East, North Point, Hong Kong 
Tel: + 852 2507 9555    Fax:+852 2579 1131
info@gdc-tech.com

Logo: GDC Technology Limited
About GDC Technology Limited:
GDC Technology Limited (‘GDC’) is a leading digital cinema solutions provider. GDC develops, manufactures and sells media servers, content storage systems, theatre management systems and network operations center software for the global cinema industry. GDC is a licensee of the DTS:X® object-based immersive sound technology from DTS, Inc. for the development of its media servers. In addition, GDC also provides a suite of digital cinema products and services, including integrated projection systems, 3D products, projector lamps and silver screens. GDC Digital Cinema Network Limited, a GDC subsidiary, manages VPFs for over 6,300 theatre screens and with more than 650 studios or motion picture distributors worldwide.

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More GDC Technology Limited News:
May 22, 2019 DTS, GDC, and B&B Theatres Extend Partnership to Deliver Additional DTS:X Enabled Theaters
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DTS, a global leader in high-definition audio solutions and a wholly owned subsidiary of Xperi Corporation (Nasdaq: XPER) (“Xperi”), is proud to announce the addition of 14 new DTS:X enabled cinema screens as an extension of its long-standing partnership with GDC Technology (USA) LLC (“GDC”) and B&B Theatres (“B&B”).

Apr 11, 2019 GDC Technology Selects Veritek to Provide NOC Services in Europe
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GDC Technology Limited (‘GDC’), a leading global provider of digital cinema solutions, announced today that it signed a partnership agreement with Veritek Global Ltd (‘Veritek’), one of Europe’s leading technical support and service providers.

Apr 9, 2019 GDC Technology Links to the Cloud to Effortlessly Monitor Software
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GDC Technology Limited (‘GDC’), a leading global provider of digital cinema solutions, announced today that it has launched TmsAware™, a new cloud based solution powered by AWS serverless architecture.

Apr 4, 2019 One of the World’s Leading Exhibitors – Cinemex – Selects GDC as Provider of Media Servers
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GDC Technology Limited, a leading global provider of digital cinema solutions, announced today it has won a solicited proposal to be Cinemex’s exclusive provider of digital cinema servers for the calendar year 2019.

Apr 4, 2019 GDC Technology Unleashes the Power of its SR Series Media Server
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GDC Technology Limited (‘GDC’), a leading global provider of digital cinema solutions, announced today it is introducing two new SR Series media servers with Flexible Architecture Stable Technology (FAST) for 4K high frame rate (HFR) and next-generation 4K 3D at CinemaCon 2019.

Apr 3, 2019 Huaxia Film Initiates Strategic Partnerships to Speed Development and Screening of Advanced-Format Movies to Lead the Film Industry
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Huaxia Film Distribution Co., Ltd. (Huaxia Film), a well-known film distributor in China, today announced at CinemaCon 2019 that it will develop, leverage and promote premium format movies driven by new, advanced configurations, specifically the Cinity Cinema System. Cinity will seamlessly combine related processes and technologies, (e.g. filming, post-production, distribution and projection) that are representative of advanced-format movies, to build a complete industry ecosystem for them.

Apr 3, 2019 GDC Technology Expands the Capability of its Award-winning Cinema Automation CA2.0
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GDC Technology Limited, a leading global provider of digital cinema solutions, announced today it has expanded the capability of the award-winning Cinema Automation (CA2.0) to manage up to 30 screens with its new SCL-4000 Centralized Playback Server.  Delegates attending CinemaCon 2019 from April 2 to 4 will be able to experience a live demonstration of a megaplex utilizing CA2.0.

Apr 2, 2019 GDC Technology and DTS Take Major Strides to Bring Immersive Cinema Sound Experience to Broader Audience
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GDC Technology Limited, (“GDC”) a leading global provider of digital cinema solutions, announced today at CinemaCon 2019 over 1,000 global movie theatre screens are installed or committed with its award-winning immersive sound media server with a built-in DTS:X™ decoder and cinema processor (GDC Immersive Sound Solution) to exhibit motion pictures released with a DTS:X soundtrack.

Apr 2, 2019 GDC Technology Announces Ubernization of Cinema with GOGOCINEMA
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GDC Technology Limited, a leading global provider of digital cinema solutions announced today at CinemaCon it is launching the GOGOCINEMATM On-Demand-Platform and its App in the second half of this 2019.

Apr 1, 2019 GDC Technology Launches Record Number of Industry First Products at CinemaCon 2019
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GDC Technology Limited (‘GDC’), a leading global provider of digital cinema solutions, announced today that it will launch a record number of new products at this year’s CinemaCon, held April 1 to 4, 2019.

Jan 29, 2019 Partnership between Sony and GDC Raises Bar with 4K HDR Laser Projector
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Professional Solutions China of Sony (China) Ltd.(“Sony”) and GDC Technology Limited (“GDC”) today announced Sony’s SRX-R608-DS dual 4K laser projection system integrated with GDC’s next-generation SR-1100 integrated media block (IMB) completed the full range of tests necessary to receive compliance from Digital Cinema Initiative (DCI).

Dec 11, 2018 More than just a number: GDC celebrates 60,000 cinema media servers shipped
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GDC Technology Limited, a leading global provider of digital cinema solutions, today announced that more than 60,000 have been shipped to customers worldwide. More than a third of the world's cinema screens, from renowned art houses to ultra-modern multiplexes, count on GDC Technology to enable new possibilities for big screen content and experiences.

Dec 11, 2018 GDC Immersive Sound Solution Featuring DTS:X Breaks the 1,000 Mark
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GDC Technology Limited, a leading global provider of digital cinema solutions, announced today at CineAsia 2018 that its innovative SX-4000 immersive sound media server with a built-in DTS:Xä decoder, and the XSP-1000 cinema processor (GDC Immersive Sound Solution) reached a milestone of 1,000 screens worldwide.

Dec 9, 2018 Premiere of Warner Bros.’ “Aquaman” on the World’s Largest LED Cinema with DTS:X Sound Track
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GDC Technology Limited, a leading global provider of digital cinema solutions, announced today that the world’s first 14-metre Samsung Onyx Cinema LED was officially launched in Xidan Capital Cinema, Beijing, China on December 7, 2018.

Dec 9, 2018 GDC Technology Showcases its Cinema Automation CA2.0 Solution with a 20-plex Live Demonstration
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GDC Technology Limited, a leading global provider of digital cinema solutions, is showcasing its Cinema Automation CA2.0,a groundbreaking cinema automation system to motion pictures exhibitors during CineAsia 2018 from December 11 to 13.

Oct 24, 2018 GDC Brings Its Award-winning Technologies to ShowEast 2018
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GDC Technology Limited, a leading global provider of digital cinema solutions, today announced a series of live demonstrations of its award-winning Cinema Automation 2.0 (CA2.0) at ShowEast 2018.  The GDC cinema team will host live demonstrations that will also include previewing the new GDC SR-1000 IMB with CineCache™ (cache memory).

Oct 3, 2018 GDC Technology Brings Its Award-winning Solutions to Expocine 2018
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GDC Technology Limited, a leading global provider of digital cinema solutions, is showcasing its Cinema Automation CA2.0, a groundbreaking cinema automation system and  SR-1000 Standalone IMBä with CineCacheä to motion pictures exhibitors during Expocine 2018 from October 2 to 5.

Jun 11, 2018 GDC Continues Its Quest to Bring Machine Intelligence Technology to the Cinema Industry
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GDC Technology Limited, a leading global provider of digital cinema solutions, today unveils its award-winning Cinema Automation CA2.0 (CA2.0) and SR-1000 Standalone Integrated Media Blockä (IMB) to the cinema industry at CineEurope 2018 from June 11 to 14.

Apr 26, 2018 GDC Selected by One of India’s Leading Multiplex to Supply Ushio Lamps for Three Years
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GDC Technology Limited, a leading global provider of digital cinema solutions, today announced it has signed a three-year agreement with INOX Leisure Ltd (INOX Cinemas), one of India’s leading multiplex chain to supply Ushio lamps.

Apr 26, 2018 Introducing GoGoCinema – A Game Changer to Increase Theatre Admissions
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GDC Technology Limited, a leading global provider of digital cinema solutions, announced today at CinemaCon 2018 the formation of GoGoCinemaTM, the company’s first-ever venture into the consumer marketplace.
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