Posts Tagged ‘Furio’

Broadcast Vendor M&A: Ross Video Bolsters Routing Line with Sixth Acquisition in Past Four Years

Broadcast Vendor M&A | Posted by Joe Zaller
Aug 12 2013

Ross Video has acquired Montalto, a provider of broadcast technology R&D services, based in Virginia Beach, VA.

Montalto is made up of former Leitch/Harris employees, including the company’s Managing Director Mark Sizemore who was with Leitch and Harris for 18 years, starting as a design engineer and progressing to Engineering/Technology Manager, according to his LinkedIn profile.

According to Ross Video, the Montalto team developed “many breakthrough products over the years,” and will bring to Ross “a broad skill set, and deep knowledge of broadcast routing systems.”

The Montalto team will remain in Virginia, and take responsibility for Ross Video’s routing switcher product line.  It will also contribute technology and products to Ross’s openGear product portfolio.

Best known for its production switchers and newsroom automation systems, Ross Video entered the routing switcher business with the 2010 acquisition of Codan Broadcast Products Pty Ltd.  Following that deal, Codan’s products were absorbed by Ross and became the company’s NK series routing switcher line.

Ross has used M&A as part of a strategy to increase its solution footprint in the broadcast market. Including Codan, the purchase of Montalto is the company’s sixth acquisition in the past four years:

 

  • Montalto: Routing switcher research and development team

 

  • Cambotics: robotic camera heads and pedestals (2012)

 

  • Fx-Motion: “Furio” robotic camera systems (2012)

 

  • Norpak: data insertion and Nielsen products (2011)

 

  • Codan Broadcast: NK Series routing switchers (2010)

 

  • Media Refinery: XPression broadcast graphics (2010)

 

The strategy appears to be working.

In November 2012 the private company said that its fiscal 2012 revenue increased 19% versus the same period a year ago.  And in an interview with the Ottawa Business Journal, David Ross (who personally owns 90% of the eponymous firm) said that fiscal 2012 marked the company’s twenty-first consecutive year of (self-funded) revenue growth.

As with its previous deals, Ross appears to be leaving the existing team in place, and enhancing the product development capability of the acquired company.  Ross says it will open development lab in Virginia Beach (it’s third in the US) as a base of operation for routing systems development. The company has existing R&D facilities in Boston, California, Ottawa, Brussels, Hilversum, and Melbourne, Australia.

“Ross Video is thrilled to add the Montalto team to our Infrastructure group – they are a great group of guys and fit right in with our culture,” said Ross Video CEO David Ross. “The team’s extensive knowledge and passion for routing systems, coupled with their track record of project execution, will help propel our routing business going forward.”

.

.

Related Content:

Press Release: Press Releases: Ross Video Acquires Montalto

Ross Video Says Sales Grew 19 Percent in Fiscal 2012

More Broadcast Vendor M&A: Ross Video Acquires Cambotics

Press Releases:  Ross Video to Acquire Codan Broadcast

Ottawa Business Journal Article – Ross Video: 21 straight years of growth … and counting

.

© Devoncroft Partners 2009 – 2013. All Rights Reserved.

.

 

%d bloggers like this: