Posts Tagged ‘Broadcast Vendor M&A’

More Broadcast Vendor M&A: Ross Video Acquires Cambotics

broadcast industry technology trends, Broadcast Vendor M&A | Posted by Joe Zaller
Apr 25 2012

At its NAB press conference last week Ross Video CEO David Ross detailed a series of impressive product and corporate announcements culminating with the news that it had acquired Cambotics, a maker of robotic camera heads and pedestals. Terms of the deal were not disclosed.

Ross had hinted at the deal prior to the NAB show via a post on his personal LinkedIn page, where he occasionally discloses corporate announcements.

Robotic camera pioneers Bob Scotto and Miles Spellman, the founders of Cambotics, will be staying with Ross in the robotics division as the new Chief Hardware Architect and Chief Software Architect respectively.

This is the second robotic camera technology company acquired by Ross Video this year.   The company acquired FX-Motion in February 2012.

Ross Video showed the integration of technology from both Cambotics and FX-Motion with a complete suite of products from Ross Video. The entire demo was controlled by the Ross OverDrive production automation system, which has been a critical factor in the success of Ross Video.  David Ross told me at the NAB show although customers might have been skeptical when they first heard about the integration of robotic cameras in the OverDrive production environment, that “light bulbs went on” when they saw the demo.  If Ross is right it could be the start of something very interesting.

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Related Content:

Press Release: Ross Video Acquires Cambotics

More Broadcast Vendor M&A: Ross Video Makes Mystery Buy

Ross Video Profile in Ottawa Business Journal: 21 straight years of growth … and counting

Ross Video Says Q1 2012 Revenue Jumps 59% in Best First Quarter in Company’s History

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Reminder — Media Technology: Strategy & Valuation Conference at NAB 2012

broadcast industry technology trends, broadcast industry trends, Broadcast technology channel strategy, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor Brand Research, Broadcast Vendor M&A, Broadcaster Financial Results, Devoncroft Digest, Top Broadcast Vendor Brands | Posted by Joe Zaller
Apr 13 2012

If you are attending the 2012 NAB show you might want to consider setting aside some time to attend a new half-day conference called “Media Technology: Strategy and Valuation.”

We are excited to be co-producing this event along with the NAB Show and Silverwood Partners.

This session is being held in room N237 of the Las Vegas Convention Center on Sunday April 15th from 2:00 p.m. to 6:00 p.m., and it’s free for all registered attendees of the 2012 NAB show.

This conference will address industry-specific factors driving the valuations of companies including changing market dynamics, new technology, and evolving customer requirements. It is intended for industry technology executives, private equity investors, and venture capital investors in the media technology sector.

You’ll hear from experts from the financial community, broadcast industry technology buyers, leading service providers, and media technology market research analysts.

Download full agenda and speaker bios here

 

MEDIA TECHNOLOGY: STRATEGY & VALUATION

Presented by:

  

 

April 15, 2012

Las Vegas Convention Center, Room N237

 

1:30-2:00pm       Registration

 

2:00-2:25pm       Strategic Implications of Transitioning to Cloud and SaaS Platforms for the Media Industry

Presented by David Peto, CEO, Aframe

What is the reality of becoming a Software-as-a-Service (SaaS) business?

  • Opportunities and challenges with the business model from the SaaS provider perspective
  • Lessons learned from providing SaaS services to large media companies
  • Key customer variables for deciding to use SaaS services

 

2:25-2:55pm       The Broadcast & Media Technology Industry in 2012

Presented by Joe Zaller, President, Devoncroft Partners

  • Summary of key data derived from the newly published 2012 Big Broadcast Survey, the largest and most comprehensive study of the broadcast industry. Overview of the latest research from the IABM will also be provided.
  • Does brand perception impact valuation? Using data from the annual Big Broadcast Survey, color commentary and market research data will be provided to show how brand perception impacts both customer loyalty and Company valuation, and what vendors can do to change their brand perception for the positive.

      

2:55-3:25pm       Strategic Industry Analysis: Valuations, M & A, and Equity Financing

Presented by Jonathan Hodson-Walker, Managing Partner and Joshua Stinehour, Senior Vice President, Silverwood Partners

Analysis of strategic industry trends and the specific factors that affect company valuations:

  • Review of transaction activity and valuations
  • Technology shifting from a supporting role to a strategic role
  • Business opportunities and models evolving rapidly
  • What businesses are buyers targeting and why?
  • Analysis of Software, SaaS vs. hardware valuation and reasons for differentials

 

3:25-3:50pm       Online Video: Threat, Opportunity, or Both?

Presented by Andrew Taylor, VP Business Development, Grab Media

  • Expert insight on the business models of new media and multiplatform distribution.
  • Commentary on developments in online video, advertising technology, and new distribution and syndication models.

 

 

3:50-4:00             Break

 

 4:00-4:20pm       Technology Transition: Software, File-based, Cloud

Presented by Bernt Kåre Johannessen, Chief Development Officer, Vizrt

  • The business implications of file-based workflows, cloud computing, and multi-platform content delivery for both broadcasters and technology vendors. 
  • Efficiencies for the customer, business model implications, business and technology implementation challenges, revenue models, and required technologies.

 

 4:20-4:40pm       Executing the Strategic Plan: Suggestions and Recommendations for Executives

Presented by Graham Sharp, Director of Media Asset Capital

  • Understanding value and differentiation of business offering to customers
  • Unlocking strategic value of business
  • Tactical implementation of the strategic plan to fully realize value

 

 4:40-5:00pm       The Broadcast Buyer Perspective

Presented by Pat Sullivan, President and CEO, Game Creek Video

  • Game Creek is one of largest Outside Broadcast Truck providers in the US with a client list that reads like the who’s who of Broadcast: ABC, CBS, ESPN, FOX, HBO, NBC, MLB, NBA, and the NFL to name a few!
  • With an annual multi-million US$ budget being spent with Broadcast Equipment vendors, what do GCV want from their suppliers and what could they do better?

 

5:00-6:00pm       Cocktail and Networking Reception

 

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More Broadcast Vendor M&A: Vitec Group Acquires Camera Corps for £8 Million

Broadcast Vendor M&A | Posted by Joe Zaller
Apr 12 2012

Vitec Group has acquired the entire share capital of Camera Corps Limited for approximately £8m.  Vitec said it financed the deal via existing banking facilities. Camera Corps will operate within Vitec’s Videocom Division and its existing senior management, including the founder, Laurie Frost, will remain with the business.   

UK-based Camera Corps provides specialty remote camera systems, tracking, support systems and full service facilities to broadcasters.

Vitec company Bexel is an existing distributor of Camera Corps Q-Ball camera system.

According to Vitec CEO Stephen Bird “the acquisition is in line with our strategy of helping our customers capture exceptional images. There is a growing appetite among consumers for more unusual and interesting camera angles and Camera Corps is a world leader in helping broadcasters capture these moments.”

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Related Content:

Vitec Press Release: ACQUISITION OF CAMERA CORPS

Vitec 2011 Results: Videocom Up 12 Percent, Bexel Down 7.9 Percent Versus 2010

Vitec 2011 Investor Presentation

Vitec 2011 Annual Report

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More Broadcast Vendor M&A: Ross Video Makes Mystery Buy

Broadcast Vendor M&A | Posted by Joe Zaller
Apr 10 2012

Ross Video CEO David Ross said today that his company has made its fifth acquisition in the past four years.

He did not however say what they bought, or for how much.

Ross disclosed the news on via LinkedIn, where he has a habit of releasing corporate news.  According to his update (below), Ross says that all will be revealed at the company’s NAB press conference so we’ll have to wait a week to find out the details.

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Related Content:

Ross Video Profile in Ottawa Business Journal: 21 straight years of growth … and counting

Ross Video Says Q1 2012 Revenue Jumps 59% in Best First Quarter in Company’s History

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Announcing the “Media Technology: Strategy and Valuation Conference.” A Thought Provoking Kick-Off to the 2012 NAB Show.

broadcast industry technology trends, broadcast industry trends, Broadcast technology channel strategy, broadcast technology market research, Broadcast technology vendor financials, Broadcast Vendor Brand Research, Broadcast Vendor M&A, content delivery, market research | Posted by Joe Zaller
Apr 04 2012

If you are attending the 2012 NAB show you might want to consider setting aside some time to attend a new half-day conference called “Media Technology: Strategy and Valuation,” which is being produced by Devoncroft, Silverwood Partners and the NAB Show

This event is being held in room N237 of the Las Vegas Convention Center on Sunday April 15th from 2:00 p.m. to 6:00 p.m., and it’s free for all registered attendees of the 2012 NAB show.

This conference will address industry-specific factors driving the valuations of companies including changing market dynamics, new technology, and evolving customer requirements. It is intended for industry technology executives, private equity investors, and venture capital investors in the media technology sector.

You’ll hear from experts from the financial community, broadcast industry technology buyers, leading service providers, and media technology market research analysts.

Here’s the current lineup of presenters:

David Peto CEO of A-Frame (who just raised $7m for a cloud-based broadcast production system) will discuss how SaaS business models will impact the broadcast production environment.

Joe Zaller from Devoncroft Partners will present a summary of the 2012 Big Broadcast Survey including a review of the most important industry trends, where money is being spent in the broadcast industry, the evolution of HD infrastructure and file-based workflows, and how a vendors brand can impact its valuation.

Jonathan Hodson-Walker and Josh Stinehour from specialist investment bankers, Silverwood Partners will present an in-depth analysis of strategic industry trends and the specific factors that affect company valuations such as technology, business models, and strategic positioning.

Andrew Taylor, VP of Business Development at Grab Media will provide an overview of multi-platform content delivery business models, including advertising technology, content delivery and content syndication.  This presentation will discuss the impact that multi-screen deployments may have on traditional media companies, and whether they present a threat or an opportunity for new business… or both.

Bernt Kåre Johannessen, Chief Development Officer at Vizrt will explain the business implications of file-based workflows, cloud computing, and multi-platform content delivery for both broadcasters and technology vendors.  This presentation will discuss efficiencies for the customer, business model implications, business and technology implementations challenges, revenue models, and what technologies are still needed.

Graham Sharp of Media Asset Capital will discuss how to effectively implement and execute a strategic change process.  This presentation will discuss unlocking strategic value of businesses, recommendations for execution, and understanding value and differentiation of business offering to customers.

Pat Sullivan, president of Game Creek Video, a leading sports production company, will provide the customer perspective on the dynamic evolution of the broadcast industry.  Sullivan will talk about what customers on the leading edge of technology are buying, how this has changed over time, how it might evolve in the future, and what they are looking for from broadcast technology providers.

 

 

To guarantee your place, please RSVP to nabstrategy@silverwoodpartners.com.

We look forward to seeing you there.

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Related Content:

NAB Media Technology: Strategy and Valuation Conference presented by Devoncroft, Silverwood and the NAB Show

TechCrunch Article: Aframe Goes After Avid With A Fresh $7m And A Very Big Cloud

Devoncroft – The 2012 Big Broadcast Survey

Silverwood Partners: NAB 2012 – Media Technology – Strategic Industry Analysis

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More Broadcast Vendor M&A: Buyout Speculation Drives Kit Digital Higher

Broadcast Vendor M&A | Posted by Joe Zaller
Mar 29 2012

The stock price of IPTV video delivery specialist KIT Digital continues to be a roller coaster.  Last week the  company’s stock dropped more than 22% in one day following the disclosure that four directors had resigned from the company’s board, and that Kaleil Isaza Tuzman will step down as CEO and become chairman on March 31st.

Today the company’s shares soared after Roth Capital said in a note to investors that KIT Digital is preparing to be sold, with the likely buyers being a private equity firm.

KIT Digital is no stranger to M&A, having bought and rolled up more than a dozen companies over the past few years.  KIT hinted that it might be acquired earlier this month when it announced that it had formed a strategic transaction committee to vet potential offers.

It will be interesting to watch this play out.

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Related Content:

Management and Board Shake Up at KIT Digital Sends Stock Down 22.3 Percent

Kit digital Says its Revenue Doubled in 2011, Forms Strategic Transaction Committee

KIT digital Revenues Jump 98% in Q1 2011, Says M&A Phase is Over and Company Will Now Focus on Organic Growth Strategy

More Broadcast Vendor M&A: Kit Digital Buys ioko for $79.4m, Completes Buying Spree

More Broadcast Vendor M&A: Kit Digital Buys Three Companies for $77m, Says Larger Acquisition is Coming

More Broadcast vendor M&A: Kit digital Acquires Polymedia for $34.4 Million

KIT digital Reports Q4 and Fiscal 2010 Results, Raises Guidance, Says Big M&A Deal Still on Track

Kit digital buys KickApps, Kewego, and Kyte

Kit digital sells $100m of stock, says proceeds will be used to fund broadcast industry M&A activities.

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More Broadcast Vendor M&A: Miranda Exploring Strategic Options Through Structured Process

Broadcast Vendor M&A | Posted by Joe Zaller
Mar 21 2012

Miranda Technologies said that it has decided to “hold discussions with potential strategic partners as part of the company’s review of ways in which to continue to enhance value and to build on the positive momentum that it has generated over the past two years.”

Separately, Miranda has also announced that it has nominated industry veteran and former Harris Broadcast CEO Tim Thorsteinson as a candidate for the company’s board of directors.

The move comes after several months of activist shareholder drama at the company which began in December 2011 when two investment firms – JEC Capital Partners and JMB Capital Partners – who respectively own approximately 7.1% and 3.1% of Miranda’s outstanding shares — requisitioned a meeting of the shareholders of Miranda to replace four of the seven existing directors of Miranda with four new independent directors.

Against this backdrop, it turns out that Miranda has been exploring its “strategic options” for the better part of a year, and has now decided to move ahead in a more structured way.

Miranda disclosed that it has “received a number of unsolicited expressions of interest regarding potential transactions and partnerships,” over the past year, and had, in May 2011, put in place a committee of its independent directors to review each expression of interest that was received. When this committee believed that an approach might lead to a (M&A) transaction, a non-disclosure agreement was entered into and discussions with the interested party ensued.

To date these discussions have not resulted in deal, because the committee “concluded that the transactions proposed would not reflect full and fair value for the Corporation’s business.”

Now however, the company says there is “growing interest” in Miranda, so the company has decided “that a more structured process should be put in place in order to enable the Corporation to review further expressions of interest and to hold discussions with potential strategic partners.”

The timing of this initiative – a month before the NAB show, and Miranda’s AGM – will certainly make things interesting to watch over the next month as it plays out.

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Related Content:

Activist Shareholder Drama Continues at Miranda Technologies http://bit.ly/yfoMWE

JEC Press Release: Miranda Technologies: Business As Usual – Share Price Declines, Immediate Board Change Needed

Miranda Reports 27% Revenue Increase in 2011

JEC Press Release: JEC Capital Names Proposed Directors of Miranda Technologies Inc.

Miranda Rejects Activist Shareholder Request as Invalid

JEC Press Release: Miranda Technologies Calls Early Shareholders Meeting After Pressure From JEC and Other Concerned Shareholders

Activist Shareholder Remains Convinced That Miranda Technologies is Undervalued

Miranda Responds to Activist Shareholders

Activist Shareholders Seek To Replace Four Board Seats at Miranda Technologies

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More Broadcast Vendor M&A: Semtech Completes C$500 Million Acquisition of Gennum

Broadcast Vendor M&A | Posted by Joe Zaller
Mar 20 2012

Semtech announced that it has completed the acquisition of Gennum for C$13.55 per share, or approximately C$500 million. The acquisition was financed with a combination of cash from Semtech’s international cash reserves and C$350 million of five-year secured term loans.

Semtech estimates that the acquisition will result in at least C$15m in annual cost synergies by 2014, and will be accretive to non-GAAP earnings.

“Combining Gennum’s 1 Gbps to 25 Gbps signal integrity solutions with Semtech’s 40 Gbps to 100 Gbps SerDes solutions creates one of the industry’s most complete and robust analog and mixed signal portfolios targeted at the communications and enterprise computing segments,” said Mohan Maheswaran, President and Chief Executive Officer of Semtech Corporation. “This will enable us to help customers reduce bottlenecks in the access, metro and core networks, as demand for bandwidth continues to escalate. Moreover, Gennum’s strong position in video broadcast and the emerging HD video surveillance market further diversifies Semtech’s portfolio of high-performance analog semiconductors.”

Following the completion of the acquisition, Gennum Corporation has become Semtech Canada Inc. The shares of Gennum are expected to be delisted from the Toronto Stock Exchange by March 26, 2012, and Gennum will cease to be a reporting issuer under applicable Canadian securities laws as soon as practicable.

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Related Content:

Press Release: Semtech Completes Acquisition of Gennum Corporation

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More Broadcast Vendor M&A: Cisco Announces Intent to Buy NDS

Broadcast technology vendor financials, Broadcast Vendor M&A | Posted by Joe Zaller
Mar 15 2012

Cisco Systems announced its intent to acquire pay TV software and conditional access provider NDS in a $5 billion deal.

Cisco said that the deal will complement and accelerate the delivery of its Videoscape video platform, and broaden Cisco’s opportunities in the service provider market, expanding its reach into emerging markets, such as China and India, where NDS has an established customer footprint.

Under the terms of the agreement, Cisco will pay approximately $5 billion, including the assumption of debt and retention-based incentives, to acquire all of the business and operations of NDS. The acquisition has been approved by the boards of directors of both companies.

For now Cisco and NDS will continue to operate as separate companies.

When the deal is completed in the second half of 2012,  NDS’s global operations, including sites in the United Kingdom, Israel, France, India and China, and its approximately 5,000 employees will join the Cisco Service Provider Video Technology Group (SPVTG), led by Senior Vice President and General Manager Jesper Andersen. Dr. Abe Peled, NDS Executive Chairman, will be named Senior Vice President and Chief Strategist for Cisco’s Video & Collaboration Group, of which SPVTG is a part. Peled will report directly to Marthin De Beer, Senior Vice President, Cisco Video and Collaboration Group.

NDS was previously listed on the Nasdaq until it was taken private in 2009 by Permira Advisers LLP, a private equity firm. Permira owns 51% of the company, with News Corporation owning the remaining 49%.

In December of 2011, NDS file for an IPO to raise $100m. In its S-1 filing with the SEC, NDS said it had revenue of $957m in the year ended June 30 2011.  For the quarter ending September 30, 2011 NDS posted a profit of $4.5m on revenue of $214m.

Cisco has made multiple acquisitions as part of its strategy to build out its Videoscape platform.  Last year Cisco bought ingest and transcoding specialist Inlet Technologies for $95m.

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Related Content:

Press Release: Cisco Announces Intent to Buy NDS

NDS Group Files for $100m IPO

NDS S-1 Filing with the SEC

More Broadcast Vendor M&A: Cisco to Buy Inlet Technologies for $95m

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More Broadcast Vendor M&A: Vizrt Acquires Additional 20 Percent of LiberoVision

Broadcast Vendor M&A | Posted by Joe Zaller
Mar 14 2012

Vizrt said that it has acquired an additional twenty percent of LiberoVision, bringing its ownership stake in the of sports replay provider to 80%.

Vizrt first announced its intention to buy LiberoVision in November of 2010, saying at the time that it would purchase the company in three tranches. In July of 2011 Vizrt completed the purchase of the first tranche of shares when it paid CHF 6 million (~$6.6m at the time) for 60% of LiberoVision.

The company is now paying CHF 242,556 (~$200,000) for an additional 20% of LiberoVision, which represents 20% of ten times LiberoVision’s EBIT for 2011.  The remaining 20% of LiberoVision will be acquired next year based on the same EBIT calculation.

As part of the transaction, the founders of LiberoVision are committed to continue their employment with LiberoVision for a period of at least two years from the date of the original acquisition.

Vizrt financed the deal with 80% cash and 20% Vizrt shares.

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Related Content:

More Broadcast Vendor M&A: Vizrt Completes Acquisition of LiberoVision

Press Release: Vizrt Signs Definitive Share Purchase Agreement in LiberoVision Acquisition

More Broadcast Vendor M&A: Vizrt Acquires Sports Replay Provider LiberoVision

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