Net Insight closes ScheduALL acquisition
| 04 October 2015
Live, interactive and on-demand media transport firm ScheduALL has finalised its buyout of US software company VizuAll.
The firm will still trade under the ScheduALL brand and be at the forefront of Net Insight's efforts to bolster its market position in media service and workflow orchestration.
Yesterday's closing follows the announcement on 2 September that Net Insight was entering into an agreement to purchase ScheduALL. Net Insight has acquired 100% of the shares in ScheduALL for $14 million on a cash and debt-free basis.
The acquisition of ScheduALL is an important strategic initiative as it allows Net Insight to offer complete end-to-end orchestration to the market. In today's fast-paced and schedule-driven broadcast world, on-demand and end-to-end service orchestration is becoming key to deliver efficient and cost-efficient solutions to TV production broadcasters and their customers.
ScheduALL, founded in 1989, is a provider of ERM (enterprise resources management) software for media, broadcast and transmission businesses. It has its head office in Hollywood, Florida, US and employs approximately 75 staff.