09.08.2009 03:20 AM
BlackMagic Design Acquires da Vinci
PORT MELBOURNE, AUSTRALIA: Video processor Blackmagic Design has acquired da
Vinci Systems, a specialist in film coloring and restoration based in Coral
Springs, Fla. Financial terms of the deal were not released.
Grant Petty, Blackmagic Design CEO and founder, said that the company will
focus on improving engineering and marketing for da Vinci’s Resolve and Revival
“The team for Resolve should be three to four times bigger in about two months
time, and we have a lot of good ideas to work on,” Petty said in an e-mail
statement about the acquisition. “Resolve is just incredible and deserves more
As for Revival, Petty said that it needs a new user interface and extra
features and that “it will also have more engineering added to it.” He also
said that Blackmagic will stop marketing 2K-based systems, focus on marketing
Resolve and honor all current support contracts. “But we are not going to sign
any new ones,” he added.
Petty said that the company has streamlined its workforce in da Vinci’s Florida
facilities and is hiring new engineers, and rehiring former da Vinci engineers.
Blackmagic bought da Vinci for its “performance,” but added that the company
was losing money. He declined to indicate whether the acquisition will result
in lower-cost da Vinci products.
Blackmagic Design has a history with da Vinci. In 2008, Blackmagic Design
Singapore, the company’s sole post production facility, installed a Resolve
R250 digital imaging suite and accompanying Impresario control panel and
upgraded its da Vinci Resolve RT with the new Resolve R350 as part of a facility
expansion and upgrade. -- from TV Technology