Net Insight closes acquisition of ScheduALL
(Thomson Reuters ONE) -
Stockholm, Sweden - Net Insight, the leading provider of live, interactive and
on-demand media transport, today announces its completion of the acquisition of
US software company VizuAll Inc, trading under the name of ScheduALL. The
acquisition will strengthen Net Insight's market position in media service and
workflow orchestration.
Yesterday's closing follows the announcement on September 2, 2015, that Net
Insight was entering into an agreement to purchase ScheduALL. Net Insight has
acquired 100% of the shares in ScheduALL for USD 14 m on a cash and debt free
basis.
The acquisition of ScheduALL is an important strategic initiative as it allows
Net Insight to offer complete end-to-end orchestration to the market. In today's
fast-paced and schedule driven broadcast world, on-demand and end-to-end service
orchestration is becoming key to deliver efficient and cost-efficient solutions
to TV production broadcasters and their customers.
ScheduALL, founded in 1989, is a provider of ERM (Enterprise Resources
Management) software for media, broadcast and transmission businesses. ScheduALL
has its head office in Hollywood, Florida, US and employs approximately 75
employees.
For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, +46 8 685 04 00,
fredrik.tumegard(at)netinsight.net
Thomas Bergström, CFO of Net Insight, +46 8 685 06 05,
thomas.bergstrom(at)netinsight.net
Net Insight AB discloses the information provided herein pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on October 2, 2015 at 08.45 CET.
About Net Insight
Net Insight's vision is to enable a live and interactive media experience for
anyone on earth. Net Insight delivers media transport solutions that empower
broadcasters, content owners and network service providers to activate their
audiences by providing a quality-of-experience worth paying for, live and local
content that's part of their world and interactive experiences they want to be
part of.
The company's solutions enable live, interactive and on-demand media transport,
with operational simplicity, to let customers focus on delivering the best
possible experience to their audiences. Net Insight's strength lies in enabling
lossless video transport at any scale, from live contribution via the Internet,
to ultra-high-definition distribution in managed media networks spanning the
globe.
More than 200 world-class customers run mission critical media services using
Net Insight's solutions, covering more than 60 countries worldwide. Net Insight
is quoted on the NASDAQ OMX, Stockholm.
For more information, please visit netinsight.net
About ScheduALL
Since 1989, ScheduALL has been providing ERM solutions to the largest media,
broadcast and transmission businesses in more than 50 countries across the
globe. The software has received several industry awards for its market-leading
innovations and is clearly recognized as the standard for resource management
solutions in a rapidly changing industry.
For more information, please visit www.scheduall.com
Net Insight closes acquisition of ScheduALL:
http://hugin.info/130084/R/1956280/712508.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Net Insight AB via GlobeNewswire
[HUG#1956280]
Unternehmensinformation / Kurzprofil:
Datum: 02.10.2015 - 08:45 Uhr
Sprache: Deutsch
News-ID 424316
Anzahl Zeichen: 4297
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Net Insight closes acquisition of ScheduALL"
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