Leitch Technology completes acquisition of Inscriber

In mid-December Leitch entered into a definitive agreement to purchase Inscriber for a total purchase price of $18 million
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Leitch recently completed the acquisition of Inscriber, the privately held video software company based in Waterloo, Ontario.

As previously announced, in mid-December Leitch entered into a definitive agreement to purchase Inscriber for a total purchase price of $18 million cash, including the assumption of $1.5 million in debt.

Leitch has funded the acquisition out of the company's cash balances and will account for this transaction as a purchase during the third quarter ending Jan. 31. The company is scheduled to release its third quarter results Feb. 22.

For more information, visit www.leitch.com.

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