Net Insight, a provider of live, interactive and on-demand media transport, has completed its acquisition of US software company VizuAll, trading under the name of ScheduALL. Net Insight expects the move to strengthen its market position in media service and workflow orchestration.
Yesterday's closing follows the announcement on 2 September 2015 that Net Insight was entering into an agreement to purchase ScheduALL. Net Insight has acquired 100 per cent of the shares in ScheduALL for $14 million on a cash and debt free basis.
The acquisition of ScheduALL allows Net Insight to offer complete end-to-end orchestration to the market, the company has said, with on-demand and end-to-end service orchestration becoming key to delivering efficient and cost-efficient solutions to TV production broadcasters and their customers.
ScheduALL, founded in 1989, is a provider of enterprise resources management software for media, broadcast and transmission businesses. ScheduALL has its head office in Hollywood, Florida, US and employs approximately 75 employees.
Pictured: Fredrik Tumegård, CEO of Net Insight