Root Capital, a London-based venture capital firm in the technology sector, has purchased prompting company Autocue.
Simon Philips, partner of Root Capital and the new Autocue chairman, said the company will continue to use the Autocue name. Philips does not plan on facility closings or layoffs.
The financial terms of the deal were not disclosed. Autocue clients include the BBC, Bloomberg and MTV Europe.
The Autocue newsroom Q series of products includes QLog, which records frame accurate MPEG output to a disk-based recorder system, QTicker and QScore, which allow insertion of crawling stock prices or sports scores, QVote, an integrated election system that automates and manages election data and QAudio a scripting and audio play-out system for the radio news environment.
