MediaBridge Bolsters its Team as Courtney Spencer Joins as Managing Partner, Robert Levy Joins as Managing Director, Heather Rafter and Richard Wear Join as Senior Industry Advisors.

Boston – January 7, 2020  — MediaBridge Capital Advisors today announced that it has added four new senior members to its team in order to more effectively support its leading advisory services in M&A and corporate financing for firms in broadcast, streaming, pro audio, pro AV, and related industries.

Ethan Jacks and John Bowen, co-founders and Managing Partners of MediaBridge Capital Advisors, noted, “The addition of Courtney Spencer as a Managing Partner is an acknowledgment of his contributions and our confidence that he will greatly enhance our capabilities, especially in the professional audio marketplace. Appointing Rob Levy as a Managing Director reflects his contributions to our work and his deep knowledge of the entertainment industry. Heather Rafter and Richard Wear add enormous experience and knowledge to our senior advisory group and have already made very meaningful contributions to the Firm.

The MediaBridge team, including all four new members, will be attending the NAMM Audio Industry Show starting on Jan 16th in Anaheim CA.

Courtney Spencer has joined the firm as a Managing Partner.  Courtney, who is based in the New York City area, has been a Senior Executive Advisor to MediaBridge and was a key contributor for several MediaBridge transactions, including the sale of SSL to Audiotonix and Minnetonka Audio Software to Telos Alliance. He brings extensive experience of professional audio and broadcast, was a partner in CRX Partners, an industry-focused management consulting firm, and held senior management positions with D&M Holdings (including Denon, Marantz, Calrec,  and Allen & Heath), where he served on the M&A team, and previously with Sony Broadcast and Professional Group, where he served as VP, GM of Professional Audio. Courtney was a recording and radio producer/engineer earlier in his career. He has focused on investment banking and management consulting for over a decade.

Robert Levy has joined MediaBridge as a Managing Director. Rob, who is based in LA, has more than 20 years of experience in the media and entertainment industry. He has played an instrumental role as a Senior Executive Advisor on several M&A assignments for MediaBridge, including the recent sale of FilmTrack to City National Bank, and the sale of Final Draft to Cast & Crew. Previously, Rob served in various operational roles for high-profile entertainment companies including Artist Management Group, Warner Brothers, and Untitled Entertainment, and was President of InterMedia Entertainment. He began his business career at the investment banking firm of Houlihan Lokey.

Heather Rafter has joined the MediaBridge team as a Senior Industry Advisor. Heather has been providing legal and business development services to the audio, music technology and digital media industries for over twenty-five years. As a founder and principal counsel at RafterMarsh US, she leads the RM team in providing corporate and IP advice (US practice) and entertainment law services (UK) to content creators, hardware and software developers, and event producers, among others.

Heather served as General Counsel for Digidesign, formerly the audio division of Avid Technology. During this time she was instrumental in the company’s acquisition of M-Audio and Sibelius Software. She also represented audio console leader Euphonix in its acquisition by Avid. Heather has served in a variety of leadership roles in the American Bar Association, including Chair of the ABA Section of Science & Technology Law. She is a magna cum laude graduate of Princeton University and Columbia University School of Law (J.D., Harlan Fiske Stone Scholar).

Richard Wear has joined the MediaBridge team as a Senior Industry Advisor. Richard is founder and MD of global executive search firm Interfacio, specializing in the media technology sector, based in London and established in 2002. Richard held previous roles as Director and General Manager of Celestion where he led global sales, marketing, product development and distribution for the professional products business, and prior to this was a global product lead for Fostex Corporation of Japan, where he worked closely with R&D teams in Japan and the USA on ground-breaking digital audio products for the recording, post-production and broadcast markets.

Through his work with Interfacio, Richard is continuously engaged with a wide variety of industry leading businesses and their senior management teams across the broadcast, music, lighting, professional and consumer audio sectors as they advance their business development initiatives, and maintains a keen interest and insight into strategic growth and investment opportunities.

Richard graduated from Warwick University, England in 1986 with a BSc Hons in Engineering Science.

MediaBridge Capital Advisors represents FilmTrack in its acquisition by City National Bank

Boston – August 13, 2019– MediaBridge Capital Advisors announced today that it served as the exclusive investment banking advisor to FilmTrack, Inc., a Studio City-based pioneer and leader in content rights and business management, in its acquisition by Los Angeles-based City National Bank, the leader in banking and finance for the entertainment industry.

FilmTrack’s proprietary Software-as-a-Service (SaaS) based platform allows hundreds of film, television and media clients worldwide, ranging from major studios to independents, to manage the complex intellectual property lifecycle, including availabilities, financial reporting, and royalty and participation rights, representing billions of dollars in distribution revenue and participation payments.

This acquisition, the latest in a series of acquisitions by City National of media-oriented  software vendors, will enhance City National’s role in providing the entertainment industry with complex payments solutions and intellectual property rights management.

Regarding the role of MediaBridge Capital Advisors in the process, FilmTrack CEO and Co-founder Jason Kassin remarked: “The MediaBridge team, led by Ethan Jacks and Rob Levy, was instrumental in the initiation and execution of this successful outcome. Their deep knowledge of the media technology sector and strategic guidance resulted in FilmTrack being acquired by a highly strategic buyer. We are very appreciative of the MediaBridge effort.”

Ethan Jacks, a Managing Partner of MediaBridge, noted: “We were delighted to represent FilmTrack and its primary investor Insight Venture Partners in this successful transaction. This is a noteworthy example of two market leaders in different but complementary sectors combining in pursuit of massive market synergies. We look forward to seeing the results of this highly strategic combination.”

Below is a link to the Press Release for the transaction by City National Bank.

https://www.globenewswire.com/news-release/2019/08/06/1897341/0/en/City-National-Bank-Acquires-FilmTrack.html

MediaBridge Capital Advisors – 2018 IBC Overview

BOSTON September 12, 2018 — Here is our 2018 IBC Industry Overview, containing our views on the major trends in the Media Technology marketplace, detailed information about the performance of key industry players, and also recent public company performance, and M&A and PE activity and transactions

Read our 2018 IBC Industry Overview. 

 

MediaBridge Capital Advisors Represents Solid State Logic in Sale to Audiotonix

Transaction Demonstrates Strength Through Consolidation by Industry Leaders

BOSTON January 9, 2018 — MediaBridge Capital Advisors today announced that it served as the exclusive investment banking advisor to Solid State Logic Holdings Limited (“SSL”), the iconic manufacturer of high-end mixing consoles and recording studio systems, in its sale to Audiotonix, a global market leader in the design, engineering and manufacturing of professional audio mixing consoles and related products for the professional broadcast, live sound and studio markets.

SSL was majority owned by musician and innovator Peter Gabriel, whose Real World Studios has been an SSL customer for 35 years. Mr. Gabriel has become an investor in Audiotonix as part of the transaction.

Mike Large, Director at SSL and Chief Operating Officer at Real World, remarked, “The MediaBridge team was instrumental in both the initiation and execution of this transaction. They were with us from the outset in the complex acquisition process, and we are very appreciative of their industry experience and strategic advice during the transaction. James Gordon, CEO of Audiotonix, added, “the MediaBridge team are well known in the Pro-Audio marketplace, which was particularly beneficial in the introduction and initial discussion phase of the process.”

Ethan Jacks, co-founder and Managing Partner of MediaBridge Capital Advisors, noted, “This acquisition is an excellent example of a carefully executed, highly synergistic consolidation among leading industry brands. Our team’s deep knowledge and demonstrated experience in the professional audio and video technology marketplace provides pre-eminent clients like SSL with a unique advantage in achieving a successful outcome.

Read the press release that further describes the transaction.

 

MediaBridge Capital Advisors – 2017 IBC Overview

BOSTON October 2, 2017 — MediaBridge Capital Advisors attended the 2017 IBC Show in September in Amsterdam. Managing Partners Ethan Jacks and John Bowen, together with Industry Advisors Graham Sharp and Chad Knowles, attended the Show.

Below is a link to our 2017 IBC Industry Overview, containing information about:

  • recent M&A transactions managed by MediaBridge
  • major technology and business trends in the broadcaster marketplace
  • the market performance of key industry players
  • recent significant M&A transactions and PE/VC investments

Read our 2017 IBC Industry Overview.

 

MediaBridge Capital Advisors announces sale of Ultimatte to Blackmagic Design at commencement of IBC Show in Amsterdam

BOSTON September 9, 2016 — MediaBridge Capital Advisors announced today at the commencement of the IBC Show in Amsterdam that it served as the exclusive investment banking advisor to Ultimatte Corporation, the leading maker of chroma key and matting products, in its recent acquisition by Blackmagic Design, an international manufacturer of creative video solutions. Terms of the transaction were not disclosed.

Based in Los Angeles, Ultimatte designs, manufactures and sells the world’s most sophisticated chroma key (blue screen/green screen) products to leading organizations in the entertainment, corporate and education sectors, and has been recognized with numerous industry awards, including three Oscars and one Emmy.

Ultimatte President Lynne Sauve remarked, “We could not have gotten through this without the MediaBridge team. The quality of support MediaBridge provided was unbelievable.”

Ethan Jacks, co-founder and Managing Partner of MediaBridge Capital Advisors, noted “We were delighted to represent Ultimatte in its sale to Blackmagic Design. Blackmagic has demonstrated a successful history of making industry leading products, built on unique intellectual property, available to a large segment of video professionals worldwide. We look forward to the results of this powerful new combination.”

Read the press release that further describes the transaction.

 

MediaBridge Capital Advisors Represents Final Draft in its Acquisition by Cast & Crew Entertainment Services

Transaction Supports Shift to Software and Cloud-based Solutions for Media & Entertainment Technology Marketplace

BOSTON April 5, 2016 — MediaBridge Capital Advisors today announced that it served as the exclusive investment banking advisor to Final Draft®, Inc., maker of Hollywood’s industry-standard Final Draft screenwriting software for the film, television and other media industries, in its acquisition by Cast & Crew Entertainment Services, a leading provider of payroll and production services for the film and television markets.

Cast & Crew is a portfolio company of Silver Lake Partners, a leading technology-focused private equity firm. Terms of the transaction, which closed in early February, were not disclosed.

Read the press release that further describes the transaction.

 

 

MediaBridge Capital Advisors Represents Minnetonka Audio Software in its Strategic Merger with The Telos Alliance

Transaction Supports Shift to Software and Cloud-based Solutions

BOSTON September 11, 2015 — MediaBridge Capital Advisors today announced that it served as the exclusive investment banking advisor to Minnetonka Audio Software, Inc. (“MASI”) in connection with its merger with Linear Acoustic, part of The Telos Alliance, on September 11, 2015. Terms of the transaction were not disclosed.

Based in Minnetonka, MN, MASI is a recognized and award-winning world leader in audio processing solutions for the professional marketplace, with a 20-year history in professional audio services and software application development for motion picture, video, broadcast, game, and optical disc production applications. The Telos Alliance is a global leader in the research, development, and manufacturing of IP Audio, telephony, and high-performance audio processing equipment for broadcasters. The Telos Alliance brands include Telos, Omnia, 25-Seven, Axia, and Linear Acoustic.

“Efficient broadcast audio workflow is shifting from reliance on function-per-box hardware to integrated software and cloud-based solutions,” said Tim Carroll, Linear Acoustic founder and Telos Alliance CTO. “John Schur, Markus Hintz, Jayson Tomlin, and the entire Minnetonka Audio team share a keen understanding of this balance. We are proud to finally be working shoulder-to-shoulder to help our industry move forward with better audio today and towards more personalized and immersive next generation audio.”

“Our goal has always been to offer world class, industry standard audio technology in convenient, ready-to-deploy software kits, plug-ins and enterprise level systems.” said John Schur, president of Minnetonka Audio. “This new chapter for our company dramatically increases the technology that we can offer our customers to solve critical workflow issues. Look, or rather, listen for big things from this new relationship.”

“This merger demonstrates the importance of software and cloud-architected solutions in today’s media markets that enable the delivery of powerful and flexible solutions to customers,” said Ethan Jacks, co-founder and Managing Partner of MediaBridge Capital Advisors.

The newly united companies bring together multiple tools and resources covering all facets of television audio from production to transmission, and many aspects of radio, streaming and future broadcast delivery methods. Current products include hardware, application software, software plugins, and widely-used licensed and OEM versions of key technologies such as loudness
measurement and control, upmixing and downmixing, and Dolby and DTS encoding, decoding, and transcoding. Whether it is a hardware implementation, a software solution, or integrated combination, this team now has the expertise and resources to meet any audio production workflow requirement.

 

MediaBridge Capital Advisors Represents SVSi in its Strategic Acquisition by Harman

Transaction Supports Move Toward Standard IP-based Solutions

BOSTON September 8, 2015 — MediaBridge Capital Advisors today announced that it served as the exclusive investment banking advisor to Southern Vision Systems, Inc. (“SVSi”), the leading maker of networked AV products, in its acquisition by HARMAN International ( NYSE: HAR), a multinational manufacturer of connected products and solutions for consumers, automakers and enterprises worldwide. Terms of the transaction, which closed in June of this year, were not disclosed..

Based in Huntsville, Alabama, SVSi manufactures and sells an extensive portfolio of products for delivering a complete AV experience over an IP network, including a full range of high-performance encoders and decoders, windowing/wall processors, an audio transceiver, video recorder, and management software. SVSi joins the HARMAN Professional Services Division.

Harman has been steadily introducing new products to serve growing customer demand for IP-based products. The acquisition of SVSi will accelerate its development plan with the addition of extraordinary expertise from the SVSi team.

SVSi networked AV products have enjoyed tremendous success and acceptance at leading organizations in the entertainment, government, education, and corporate sectors, and have been recognized with numerous industry awards.

SVSi Founder Andy Whitehead remarked, “The MediaBridge team was with us every step of the way in our acquisition process, and we are deeply appreciative of their efforts in completing the
transaction.”

“This acquisition is another example of the new dynamic in today’s media markets: a move toward standardized IP-based technologies that enable vendors to evolve and adapt more quickly to changing customer and business requirements,” said John Bowen, co-founder and Managing Partner of MediaBridge Capital Advisors.

 

MEDIABRIDGE CAPITAL ADVISORS MANAGES TWO STRATEGIC ACQUISITIONS REFLECTING NEW TREND IN M&A LANDSCAPE

Deals Are Latest in Move Toward Hardware/Software Mergers to Better Serve Customers’ Growing Requirements for Broader IT and Cloud-Based Solutions

BOSTON March 31, 2014 — MediaBridge Capital Advisors today announced that it has served as the exclusive investment banking advisor on two international acquisitions that both closed on March 18, 2014. Reflecting a growing M&A trend toward consolidation of hardware and software enterprises, the deals include the $25 million sale of U.K.-based broadcast automation and channel-in-a-box software leader Pebble Beach Systems to Vislink plc, a global U.K.-based wireless communications vendor, and the CA$21 million sale of Montreal-based visual communications software pioneer X2O Media to Barco N.V., a multinational manufacturer of visualization systems based in Belgium.

“Although occurring primarily in two different markets — Broadcast and Pro A/V — these acquisitions represent a new dynamic in today’s media markets: a move toward standardized IT and cloud-based technologies,” said John Bowen, co-founder and managing partner, MediaBridge Capital Advisors. “Not only are end user customers able to evolve and adapt more quickly to changing business requirements, but the vendors benefit from higher-margin business and the potential for recurring revenue models.”

Ethan Jacks, MediaBridge’s other co-founder and managing partner, added, “MediaBridge is focused on the leading edge of the hardware/software consolidation model. We are pleased to have represented Pebble Beach and X2O, both leading digital media software innovators, in highly synergistic acquisitions by global enterprises Vislink and Barco.”

“MediaBridge has been advising us for several years to secure the best strategic partner for our next stage of growth,” said Peter Hajittofi, co-founder and managing director of Pebble Beach Systems. “With its fantastic global tier-1 client base in the broadcast sector, Vislink offers us an ideal platform for accelerated growth and expansion of our software solutions. MediaBridge was integral to this successful outcome.”

“The MediaBridge team was with us every step of the way in our acquisition process with Barco,” said David Wilkins, founder and CEO of X2O Media. “MediaBridge’s expertise in all aspects of the transaction, particularly the transaction structure and closing execution, was superb. We are delighted to be joining the Barco family, and we are deeply appreciative of the effort from the MediaBridge team in completing the deal on excellent terms.”

MEDIABRIDGE CONGRATULATES CLIENTS ON THREE PRIMETIME EMMY TECHNOLOGY WINS

On October 23, 2013 three clients of MediaBridge Capital Advisors won Technology Emmys at the 65th Annual Primetime Emmy Engineering Awards. The event was held at the Dolby Theater complex in LA and was hosted by The Academy of Television Arts & Sciences.
Pictured below are Ethan Jacks, Managing Partner of MediaBridge, together with Josh Kline (left) who won an Emmy for Digital Dailies ®, and Mark Ethier (right), CEO of iZotope, which won an Emmy for its Rx Audio Repair Technology used throughout television post-production. Also, Marc Madnick, CEO of Final Draft, was awarded an Emmy for the industry standard Final Draft script-writing software.
MediaBridge congratulates these three leaders in media technology for their recognition this year by the Academy.

 

 

MEDIABRIDGE CAPITAL ADVISORS ANNOUNCES THE COMPLETION OF TWO SIGNIFICANT TRANSACTIONS IN THE DIGITAL MEDIA MARKETPLACE

  • Wireless video leader Teradek LLC acquired by The Vitec Group plc
  • $12 million private equity financing of audio-software leader iZotope, Inc. by ABS Capital Partners
 
 
 
 
 
Boston, MA – 09.05.13  MediaBridge Capital Advisors served as exclusive investment banking advisor to Teradek, LLC and iZotope, Inc. Both transactions were completed in August 2013. “We were pleased to represent these two leading media technology innovators in strategic growth transactions” commented Ethan Jacks, co-founder and Managing Partner of MediaBridge. “We look forward to seeing both companies redefine key elements of the digital media landscape.”

Teradek acquired by The Vitec Group plc for up to $30.4 million

Based in Irvine, CA, Teradek is a world leading provider of wireless video devices and platforms used by broadcasters, filmmakers, businesses and web channels to wirelessly transmit high-quality images. Teradek’s products are used in live electronic news gathering, real-time monitoring and recording, aerial visual capture and webcasting. All products are designed and manufactured in California and sold internationally.
The Vitec Group plc is a leading international provider of products and services for the broadcast, photographic, and military-aerospace- government markets. The acquisition will not only strengthen Vitec’s product offerings particularly to the growing number of independent videographers and business users, but will complement Vitec’s existing video activities including its range of broadcast microwave systems, and allow Teradek’s products to be sold through Vitec’s global sales and distributor network. Teradek will operate as an autonomous business unit within Vitec’s Videocom division.
Under the terms of the acquisition, the initial estimated consideration is $14.9 million payable primarily in cash, with the balance in Vitec shares. Up to a further $15.5 million is payable based on the future profitability of Teradek over a three year period ending in 2015.
Nicol Verheem, CEO and co-founder of Teradek, said: “This represents a major step forward for Teradek which I believe will expand our reach, fuel our continued growth and enhance our focus on product innovation. We will undoubtedly benefit from the resources and reach of Vitec Videocom and will embrace the opportunity to work alongside some of its other market-leading brands.”
Matt Danilowicz, CEO of Vitec’s Videocom division, commented: “Teradek is a tremendously exciting acquisition for Vitec Videocom. Whether it’s a cinema director seeking an on-set monitoring system, an ENG journalist transmitting breaking news from a challenging environment, or a professional videographer live-streaming his client’s ceremony, class or conference, Teradek’s products will enable us to provide an affordable solution for our customers’ wireless transmission requirements.”

iZotope, Inc. receives $12 million Investment from ABS Capital Partners

iZotope, Inc., a leading audio technology company founded in 2001 and based in Cambridge, MA, received a $12 million investment from ABS Capital Partners, a private equity investor in later-stage growth companies. iZotope will use the funds to develop new products, expand their markets and increase sales and marketing efforts. As a result of the financing, ABS Capital General Partner Laura Witt will join iZotope’s board of directors, as will Dean Goodermote, a former ABS Capital portfolio company CEO, a board member of Berklee College of Music, and a successful technology and software executive. With over $2 billion raised since inception, ABS Capital Partners has invested in over 100 growth companies over the past two decades.
“iZotope is a company driven by a wealth of creative brainpower. Coupled with our position as a market leader, this funding will enable us to realize more of our creative vision, accelerating innovation and new products for our loyal customer base,” explained Mark Ethier, CEO and co-founder of iZotope. “Taking outside funding is a huge opportunity, and we felt that ABS would be a true partner in the business. With more resources, we’ll be able to expand the reach of our current offerings and develop products to address new opportunities in ways we never imagined.”
“iZotope already has an incredible brand and is well-recognized for its leading audio technology. It’s a unique opportunity to work with a strong, entrepreneurial business to help them broaden their market presence,” said Laura Witt. “This new funding means they can reach more customers and markets, and professional and amateur musicians and engineers alike will benefit.”
iZotope creates professional audio products for the music, entertainment and education industries. The Company’s current product portfolio is comprised of solutions for audio creation, repair, mixing and mastering. iZotope’s award-winning products and technologies are used by millions of people in over 50 countries. The Company is well-positioned to continue to be at the center of two very important trends. First, production of both audio and video content is increasingly shifting from traditional, expensive studio settings outfitted with hardware tools to software-based production environments. This trend is democratizing audio production to a broader market of freelance professional or “prosumer” producers, eager to acquire affordable, best-in-class tools to differentiate their sound production. Second, the increasing volume of video produced for corporate and educational purposes and the proliferation of user-generated video content create new potential markets for iZotope’s audio production tools.
iZotope’s products are sold directly online, as well as through brick and mortar and online retail channels such as Guitar Center. iZotope’s clients include musical giants such as Depeche Mode, Garbage, Skrillex, and Wu-Tang Clan; radio stations and TV programming such as CBS’s Survivor, the Discovery Channel’s Deadliest Catch, the World Cup broadcast and the GRAMMY awards. iZotope technology is also directly integrated into products made by industry leaders such as Adobe, Avid and Sony; video games from companies like Microsoft, Harmonix and Ubisoft; and a growing number of mobile phone applications.

 

MediaBridge Capital Advisors represents London-based Sohonet, the global leader in network and data management for the media and entertainment industry, in connection with significant investment by FF&P Private Equity.

01.15.13 – MediaBridge Capital Advisors, an investment bank focused on the digital media marketplace worldwide, is pleased to announce that it served as primary advisor to London-based Sohonet, the leading provider of mission critical networks and data management for the media and entertainment industry in connection with a significant investment by FF&P Private Equity, the private equity business of Fleming
 
Family & Partners, based in London. MediaBridge was assisted in the transaction by Media Asset Capital, based in Devon, UK.
Sohonet offers an extensive range of services backed up by unrivalled support and expertise to enable pan-global collaboration within the media community. It has offices in the UK, Los Angeles and Sydney. The Sohonet Media Network provides a high-speed, end-to-end secure data delivery solution that reliably transports media content between multiple industry participants across the globe, helping to facilitate global collaboration in the media industry.
The new capital investment by FF&P in Sohonet will enable the company to fund international expansion of the existing Sohonet Media Network, increasing the number of network locations in conjunction with the launch of integrated and flexible hosted data storage and remote computing services for Sohonet Media Network participants.
Dave Scammell, CEO of Sohonet commented, “I am very excited to be able to announce this investment, and believe FF&P are the perfect partner to help us to take Sohonet to the next level. Sohonet’s customer proposition is market-leading and this investment will support our rapid roll-out to new territories, as well as allow us to respond better to the increasing client demand, both internationally and within our existing core markets”.
Ethan Jacks, Co-Founder and Managing Partner of MediaBridge Capital Advisors, said “Sohonet has established itself over the past decade as the premier supplier of essential high-speed network connectivity and data management for the media and entertainment industry on a world-wide basis. From the creation of blockbuster 3D movies to the delivery of everyday television advertisements, the Sohonet Media Network provides seamless support to the thousands of content creators, producers, and vendors of media throughout the world. Now with the support of top-tier investors FF&P, we look forward to Sohonet’s exponential growth in this expanding marketplace.”


 

RADIANTGRID ACQUIRED BY WOHLER AT NAB 2012

04.18.12RadiantGrid Technologies, developer of transcoding, transformation, and new media automation service platforms, has been acquired by Wohler Technologies at the 2012 NAB show. This acquisition will provide current and new RadiantGrid users the benefit of additional sales, technical and development support worldwide.
“Like Wohler, RadiantGrid is always looking to keep itself ahead of emerging technologies, offering our users access to the latest file format support,” said Kirk Marple, RadiantGrid president and chief software architect. “Now being a Wohler Technologies company, RadiantGrid will be able to offer even more innovations to meet the industry’s changing needs, combined with expanded sales and support.”
“We see ourselves as an innovator in this file-based workflow space. The big thing we’re looking at for NAB this year is faster than real-time standards conversion. It’s a first time offering for this space,” added Marple at yesterday’s press conference. “We’ve been looking for the right partner in the industry to accelerate our growth internationally and domestically. I think it’s really going to pay off for both companies.”
Wohler is a provider of audio and video monitoring, and data management solutions for the broadcast, motion picture and professional audio/visual markets. Its acquisition of RadiantGrid will allow the two companies to streamline file-based workflows with a full range of video, audio, data, and QC solutions that support broadcasters for the latest distribution needs such as IPTV and VOD.
“Over the past 20 years, we have watched the industry change and evolve and have always been right there along with it, offering our users the latest video and audio monitoring, and data management technologies,” said Carl J. Dempsey, president and CEO of Wohler Technologies. “In this latest evolution of the industry, we are seeing broadcasters moving to a more file-based realm.”
Dempsey also added that when they asked their customers what they needed, they came back with “faster than real-time processing, and there was nothing in their bag of tricks that could get there. We’ve really ramped up our engineering and so we’re on the road to a file-base solution.”
By bringing RadiantGrid into the Wohler family, Dempsey said “the association now accelerates and expands that. The acquisition of RadiantGrid, which has a proven reputation of providing innovative file-based solutions, is a great complement to the technologies we are currently developing to make the migration to an IT-based infrastructure easier and faster.”
RadiantGrid was represented in the sale process by Ethan Jacks and John Bowen, principals at MediaBridge Capital Advisors, a digital media-focused investment bank. “We see this acquisition as a benchmark for the transformational change occurring in the broadcast and new media marketplace,” said Jacks. “Wohler and RadiantGrid together will help redefine the best practices for the industry.”