Media transport provider Net Insight has acquired US software company VizuAll, trading under the name of ScheduALL, for €14 million. The transaction is expected to close on 1 October, from which date ScheduALL will be fully consolidated.
“This is a perfect match for Net Insight. We are not only executing on our strategy, we are also taking a giant leap towards our vision of creating a unified and global media market place for both service providers and media companies”, said Fredrik Tumegård (pictured), CEO of Net Insight. “The acquisition also leads to a stronger customer offering which enables us to take a broader and more strategic role towards service providers and media companies. We also want to welcome our new colleagues and we are looking forward to grow together and create further success.”
ScheduALL, founded in 1989, is a provider of ERM (Enterprise Resources Management) software for media, broadcast and transmission businesses. The revenues for the financial year 2014, amounted to €10.6 milion with a net profit of €0.7 million. In 2014, approximately 50 per cent of revenues were derived from North American customers.
The companies have had a strategic partnership for several years, and together have implemented an SDN (Software Defined Networking) solution for service providers allowing them to offer their customers an automated service provisioning over global wide area networks.
“I am convinced that we can create added value to our customers with our combined expertise in transport and production workflows”, commented Ralph Quintero, COO and owner of ScheduALL. “We will continue to serve our customers and partners and accelerate the deployment of advanced solutions providing automated, assured orchestration for on-demand network services.”