Stockholm, Sweden – Net Insight, the leading provider of live, interactive and on-demand media transport, today announces its completion of the acquisition of US software company VizuAll Inc, trading under the name of ScheduALL. The acquisition will strengthen Net Insight’s market position in media service and workflow orchestration.
Yesterday´s closing follows the announcement on September 2, 2015, that Net Insight was entering into an agreement to purchase ScheduALL. Net Insight has acquired 100% of the shares in ScheduALL for USD 14 m on a cash and debt free basis.
The acquisition of ScheduALL is an important strategic initiative as it allows Net Insight to offer complete end-to-end orchestration to the market. In today’s fast-paced and schedule driven broadcast world, on-demand and end-to-end service orchestration is becoming key to deliver efficient and cost-efficient solutions to TV production broadcasters and their customers.
ScheduALL, founded in 1989, is a provider of ERM (Enterprise Resources Management) software for media, broadcast and transmission businesses. ScheduALL has its head office in Hollywood, Florida, US and employs approximately 75 employees.