Grass Valley™, the premier video technology solutions company, today announced that it has acquired PubliTronic, a privately-held, global provider of multichannel, integrated, automated playout solutions. Terms of the acquisition were not disclosed.
PubliTronic, based in Apeldoorn, the Netherlands, began operations in 1997 by developing some of the earliest integrated playout solutions with a primary focus on the European market. Its systems have grown in sophistication enabling them to span from small disaster recovery solutions to addressing the needs of large multichannel service providers. Its installed base of more than 800 on-air channels includes some of the largest service providers and broadcasters in Europe and around the world.
Integrated playout is one of the fastest growing segments in broadcasting, expected to increase significantly over the next three years. With the economics of launching new channels changing dramatically, innovative approaches are needed to support this growing segment. Multichannel service providers in the cable, satellite, and telco sectors, as well as broadcasters adding secondary digital channels, can benefit from a multichannel, integrated, automated playout approach.
Grass Valley, together with its investors at Francisco Partners, see a large opportunity in this emerging segment, having targeted this area as part of the expansion strategy that it adopted after the company was acquired earlier this year by Francisco Partners. The expertise, experience, and support of Francisco Partners provides Grass Valley with the agility to make strategic acquisitions and investments when appropriate.
“When we decided to expand our playout offerings to include an integrated approach, we had a choice: do it on our own or invest through an acquisition,” said Alain Andreoli, President and Chief Executive Officer of Grass Valley. “As we learned more about PubliTronic’s technology and people, it became very clear that a combination of our talents and resources could allow us to offer innovative and compelling products to our customers quickly. This second acquisition this year after Evolution, exemplifies our strategy of entering fast growing, new segments to take full advantage of all opportunities, as it presented a key growth opportunity for the K2 server family and Grass Valley. What this acquisition brings to customers is much more than a simple “channel-in-a-box” solution. Our next-generation K2 Edge™ server is a sophisticated and very powerful multichannel, integrated, automated playout system that delivers benefits to our customers from day one.”