Posts Tagged ‘Eric Mathewson’

More Broadcast Vendor M&A: Wide Orbit Announces Intention to Acquire VCI Solutions

broadcast industry technology trends, Broadcast Vendor M&A | Posted by Joe Zaller
Oct 13 2010

In a move that brings together to US-based players in the business management systems market, WideOrbit today announced that it intends to acquire the Orion Business System assets of VCI Solutions.  The terms of the deal, which is expected to close on November 1, were not disclosed.

VCI Solutions has been in business for 26 years.  According to the company’s website, the Orion Business System software is a “back office” revenue and inventory management system for television stations and cable networks, completing all program and commercial scheduling from point-of-sale to point-of-air® (time content is sold right on through reconciliation).  It includes modules for sales, traffic, and accounting applications.

WideOrbit products, which manage more than $14 billion in annual advertising revenue, are used by more than 4,000 television stations, radio stations, cable networks, cable interconnects and digital out of home networks.  Company Eric Mathewson, said that the acquisition will strengthen his company’s position in the industry and enable it opportunity to reinvest more in its core products and services

VCI Founder and Chairman Lowell Putnam said “We are very comfortable with WideOrbit carrying on the work that VCI has targeted with our partners and clients,” said, of VCI Solutions. “We look forward to working with WideOrbit on transitioning our partner and client relationships.”

You can read the full WideOrbit press release here.

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