DV buys Image Systems5 January 2011
Digital Vision has acquired Image Systems, described as ‘a major player in the fields of motion analysis and film scanning within the archive, restoration, defence and automotive industries’.
Acording to the company, the acquisition increases Digital Vision’s stronghold in the post production and restoration markets while creating new opportunities for growth with complementary products, distribution and vertical markets currently serviced by Image Systems. The acquisition is subject to approval at an additional shareholder meeting.
“The acquisition of Image Systems is a logical and strategic step in Digital Vision’s development,” stateed Bengt Broman, current CEO of Digital Vision. “We now have more scope to meet the growing demands that the media industry has for creative solutions and services. There are multiple driving forces not least the transition to HD and higher resolution content, with consumers demanding pristine image quality from television through to 3D movies. The transition from analogue to digital, new distribution platforms and the restoration of media archives also provide an increasing demand for our services. With the acquisition of Image Systems, we will offer the market new concepts and will significantly increase our presence."
As part of this announcement Digital Vision will introduce a new CEO, Mikael Jacobsson, who steps into the role end of Q1 2011. As the second largest shareholder in Image Systems, Jacobsson has played a leading role in developing the company and has extensive experience in senior operational positions for various global software companies. He also has experience working with stock listed companies and venture capitals.