BURLINGTON, ONTARIO--(Marketwire - Dec 18, 2012) -
Attention Business/Financial Editors:
Evertz Technologies Limited (ET.TO), a global leader in video infrastructure solutions for production, play-out and delivery systems for television broadcasters, telecom and multi-system operators, today reports that Evertz has invested approximately $5 million and acquired an 80% position, in a technology based company with revenues in excess of $10 million. The acquisition is accretive and the company''s unique communications solutions and services along with the expertise of its talented staff complement Evertz infrastructure, transport and control solutions.
Evertz Technologies Limited (ET.TO) designs, manufactures and markets video and audio infrastructure solutions for the television, telecommunications and new-media industries. The Company''s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their increasingly complex multi-channel digital and high definition television ("HDTV") broadcast environments and by telecommunications and new-media companies. The Company''s products allow its customers to generate additional revenue while reducing costs through the more efficient signal routing, distribution, monitoring and management of content as well as the automation of previously manual processes.