Vizrt set to acquire Ardendo
January 23, 2006
Vizrt has signed a letter of intent to acquire Ardendo, developer of media asset management software for broadcasters. Based in Stockholm, Sweden, Ardendo offers a range of software solutions for digital archiving, ingest, transcoding, browsing and systems integration media management for broadcasters moving to IT-based production and archiving.
Vizrt will acquire all outstanding shares of Ardendo for $23 million. The deal is expected to close by April 30, and is subject to due diligence and board approval of both companies.
Incorporating Ardendo’s range of media asset management products will greatly extend and strengthen Vizrt’s own graphics-based offering to a full broadcast production system, addressing every step from ingest to visualization.
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