Haivision Systems Inc. to acquire Aviwest S.A.S.
Haivision Systems Inc. has recently announced an agreement to acquire Aviwest S.A.S. This will provide Haivision with a complete portfolio of video contribution solutions to address the demand for video content in broadcast, sports and live event production. Haivision will acquire 100% of the shares of Aviwest, on a cash consideration of €20.5 million.
To comment on the purchase strategy on March 16 at 9 am EST, Haivision will host a virtual CTO discussion, Haivision & Aviwest: The Future of Broadcast Video Contribution. Featuring Mahmoud Al-Daccak, CTO of Haivision, and Ronan Poullaouec, CTO of Aviwest, attendees will learn how this important acquisition is poised to change the face of broadcast contribution. Those interested in the online conversation can register here.
Founded in 2008, Aviwest is a world-leading provider of mobile IP-based video contribution systems and a pioneer in transmission of live video over cellular networks. The acquisition will bring mobile networking (5G/4G cellular) and patented network bonding capabilities to Haivision’s solution portfolio.
In addition to acquiring Aviwest’s portfolio of solutions, Haivision will expand the French company’s products in the U.S. market, establish one of the largest development facilities in France and expand its total employee pool to more than 400.
“With the addition of Aviwest, Haivision will now lead in both fixed and mobile networks in providing ultra-low latency video solutions,” said Mirko Wicha, Haivision President and CEO. “We are very excited to welcome the amazing team at Aviwest and its customers to the Haivision family, and to provide broadcasters globally a trusted and proven vendor to solve their video contribution challenges.”
“Together with Haivision, our solutions will bring customers maximum live video flexibility with ultra-low latency, highly reliable network connectivity, and pristine video quality,” said Ronan Poullaouec, CTO and Co-Founder of Aviwest. “With sub-200ms glass-to-glass latency over 5G networks, our solutions are revolutionizing remote production workflows by giving broadcasters more options for contributing real-time content for premium live events and sports coverage.”