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Nevion, Sony partner for IP-based solutions

Sony to acquire minority stake in Nevion

Nevion and Sony have established a strategic partnership for IP-based solutions. Sony will become a leading investor in Nevion by acquiring a minority stake in the company through a share purchase agreement.

According to Nevion, the partnership with Sony will allow customers to benefit from more advanced, fully integrated and standards-based media production solutions which will make it easier for customers to move to IP both in their facilities and for remote production, while improving their ability to create content through greater sharing of resources.

Nevion CEO Geir Bryn-Jensen said: “This is an exciting alliance for Nevion, its customers and its partners. It is based on very complementary solutions, products and know-how, and will allow us to offer a lot more to our customers, both existing and potential, than we have been able to until now. It will also give us a much greater scalability and reach.

“This strategic partnership with Sony is a real vote of confidence in Nevion, its vision, its strategy, its people and its IP-based media network solutions. We look forward to working closely with Sony to maximise the benefits for our customers.”