Ross Video today said it purchased technology company Coiron Inc. Located in Irvine, Calif., Coiron has partnered with Ross Video to develop a suite of popular applications for use with the XPression family of real-time motion graphics systems. Terms were not disclosed. XPression Telestrate, XPression Trackless Studio, and XPression Touch Factory let customers create video […]
MultiDyne says the acquisition strengthens its audio monitoring and processing portfolio with new embedded and openGear solutions, while extending its fiber transport family.
Last week, Belden / Grass Valley announced it had closed the acquisition of Snell Advanced Media without listing the price. Yesterday, Belden said in a filing with securities regulators that it paid $75.8 million plus the assumption of $18.4 million of debt for a company it acquired on Feb. 8 (the same day it confirmed the SAM acquisition).
Exclusives
Belden today closed the acquisition of Snell Advanced Media. Terms of the deal were not disclosed. The deal makes Grass Valley one of the largest media technology suppliers.
Wheatstone Buys Audion Labs
The Dutch company will add IT-based solutions for broadcast production to complement ChyronHego’s BlueNet graphics workflow.
Avid Completes Purchase Of Orad
Avid says the purchase of the Israel-based 3D graphics and video server company will help Avid’s growth by adding key content creation and media management solutions.
Broadcast graphics specialist ChyronHego has entered into a definitive merger agreement with affiliates of private equity firm Vector Capital under which a Vector affiliate will acquire all outstanding shares of ChyronHego common stock for $2.82 per share in cash.
Broadcast graphics and MAM specialist Vizrt announced that it will be taken private in an all-cash deal that values the company at $374 million. The buyer is Nordic Capital, a leading Nordic PE firm with four active funds with more than €11 billion in total committed capital.
Oracle says it has signed an agreement to purchase library and archive management provider Front Porch Digital. Terms of the deal were not disclosed. According to Oracle, Front Porch Digital’s management team and employees are expected to join Oracle and continue in their current capacities.
NAB Show Floor Reflects Changing Industry
Along with a growing number of companies serving the TV industry, there has been a change in technology leadership. Both computer companies and smaller U. S. entries commanded growing positions. This is a direct byproduct of the shift from hardware to software as the dominant factor. There was still plenty of hardware for sale in Las Vegas, but most of the buzz was about the cloud, collaboration, workflow, streaming, social media, software tools and solutions.
Harris Corp. announced today that it has signed an agreement to sell its Broadcast Communications Division to The Gores Group, a Los Angeles-based private equity firm, for $225 million. The price includes $160 million in cash at closing, a $15 million subordinated promissory note and an “earnout” of up to $50 million based on future performance. Harris said closing should occur early next year.
