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Vizrt Acquires Escenic
August 20, 2008
Source: Vizrt
Vizrt announced
that it has agreed to acquire all shares in Escenic AS through
a Share Purchase Agreement that includes both cash and Vizrt
shares. The combined companies will be one of the strongest
groups to deliver technical solutions for publishing to various
digital channels worldwide.
The companies have some of the world's largest
and most influential media companies in their customer portfolio.
"This is a natural next step for Escenic.
Our new owner strengthens our commitment to providing the
industry's best tools for online publishing. Escenic's customers;
Newspapers, entertainment sites and privately held and Government
portals will as a result of this purchase have access to technologies
and tools that will enable them to compete even more effectively
in their local markets", says Knut I. Skeid, CEO of Escenic
AS.
Escenic has already, together with Vizrt,
developed tools and plug-in modules that enable TV-style high
resolution graphics into Escenic based web-pages, and the
development roadmap between the cooperating companies shows
more tools to come.
"We are convinced that our customers
will expect such advanced publishing tools in the near future.
Together with Vizrt we can offer our customers the opportunity
to utilize these technologies, giving Escenic staff the ability
to refine and further develop our existing applications",
Mr. Skeid adds.
According to the Share Purchase Agreement,
Escenic AS will continue as a legal entity under its existing
management, as a part of the Vizrt Group.
About Escenic (www.escenic.com):
Escenic is strategic content management software for digital
media publishing. Escenic technologies drive over 550 of the
most dynamic and exciting news media websites in the world.
Escenic has been closely tied to the media industry since
1997. Today we are proud to be considered industry leaders
in our sector. With Escenic, competitive commercial enterprises
gain access to the same robust technologies that professional
publishers have preferred for years.
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