DG FastChannel, Inc. (Nasdaq: DGIT), a provider of digital media advertising services to the advertising and broadcast industries, said it is raising its revenue guidance for fiscal years 2007 and 2008 and also announced separately that it has acquired Vyvx, an advertising services business.

For 2007, ending Dec. 31, the Irving, Texas-based company said it now expects to generate full year revenue in a range of $116 million to $118 million, up from the previous guidance range of $110 million to $113 million. Five analysts polled by Thomson Financial were on average projecting revenues of $95.66 million.

The small cap also increased its 2008 revenue guidance. DG FastChannel said it now expects full year 2008 revenue in a range of $126 million to $130 million, compared with previous top line guidance of $122 million to $126 million. Five analysts polled by Thomson Financial were on average forecasting sales of $126.04 million.

DG FastChannel noted that the guidance does assume its Pathfire, Point.360 and GTN acquisitions were combined with DG FastChannel’s operations as of January 1, 2007 and reflecting actual and anticipated expense synergies effective as of January 1, 2007.

Separately, DG FastChannel said that it acquired the Vyvx advertising services business including its distribution, post-production and related operations. The firm’s guidance did not include the Vyvx acquisition.

Shares of DG FastChannel jumped 16.88%, or $3.09, to $21.40 in pre-market. Shares of DG FastChannel have been trading in the range of $ 12.13 to 25.50 for the past 52 weeks.