Vizrt Buys NewTek to Become A Global Powerhouse In Advanced Video Systems
By Jim Bask
SAN ANTONIO, USA and BERGEN, NORWAY — April 1, 2019 — Vizrt, the world’s leading provider of visual storytelling tools for media content creators, has acquired NewTek, world leader in IP-based, software-driven live video production solutions. The acquisition creates the largest company in the broadcast space that is dedicated to enabling IT based video production. The goal is to make it possible for people to tell their story using video, whether they are a kid in a classroom or a tier-1 broadcaster.
The combined companies emerge as the driving force in the transition to IP video for live production with NDI® and SMPTE 2110, with each serving different needs. The company will deliver flexible end-to-end workflows for all levels of production and software-based products and services for media, sports, entertainment, education, enterprise, and esports.
“Combining our organizations allow us to pursue our joint vision of software-based video production, leveraging the power and flexibility of computing and IT-based systems, said Michael Hallén, Vizrt CEO. “ The combined business will be very well positioned to deliver turnkey systems that give creative power to any organization that has ambitions of producing content for any output platform.” Click here for the full article.