Media management solution provider VSN Video Stream Networks has been bought by Valsoft, a company that focuses on acquiring and growing vertical software businesses that provide mission-critical solutions in their respective market.
VSN joins Valsoft’s Aspire Software vertical, which the company says will enable it to “bring even better service to customers, while accelerating global expansion efforts”.
Jordi Utiel, VSN’s founder and CEO, will remain with the company to ensure a smooth transition in ownership and the global leadership team will continue to lead the business.
“This new stage with Valsoft is, without a doubt, a great opportunity for VSN” said Utiel. “We are thrilled with the strategic projection that Valsoft will bring us, expanding and consolidating our international expansion and outlining a new horizon for VSN in the broadcast and media industry.”
“We are excited to enter the media and broadcasting vertical and partner with a strong industry leader providing innovative solutions to global tier one customers,” added Michael Assi, CEO of Aspire Software.
“We are impressed by the VSN value proposition and the customer-centric culture that Jordi and his team have built over the last few decades. We look forward to welcoming VSN customers, employees and partners to the Aspire Software family.”