Vizrt Buys NewTek to Become A Global Powerhouse In Advanced Video Systems
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.
Gary Bettan, President and CEO of Broadfield Distributing, Inc. immediately reached out to NewTek to offer his congratulations and has this to say about the news:
“We are extremely excited about the Vizrt acquisition of NewTek. From a technological standpoint it is a no brainer. This will propel NewTek NDI IP Video technology into the broadcast sports and news arena. At the same time, it will bring the next level of graphics and interactivity to TriCaster and 3Play users.”
“We feel this will be a Win-Win-Win combination for both companies, our dealers and your customers. Together Vizrt and NewTek are set to accelerate the disruption already occurring in video production and take the industry to the next level. Kudos to the management teams of both companies for making this happen.”
Gary Bettan, President and CEO of Broadfield Distributing, Inc. immediately reached out to NewTek to offer his congratulations and has this to say about the news: