Viz|Ardendo Selected for Media Asset Management at TV4
Order from Swedish Channel Totals USD 900,000
Bergen, Norway, June 20, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announces today that TV4, the largest commercial television channel in Sweden, selected Ardendo solutions, a Vizrt group company, for the IT-based production and archiving of digital media assets, including its extensive news and sports programming. The deal is valued at USD 900,000.
“With today’s ever-changing media distribution possibilities, we needed a very open environment from which to process and adopt our source material for the different distribution channels”, said Kinna Bellander, Head of News, Sports and Current Affairs at TV4. “Working within an IT infrastructure means that our programming will be easily accessed and more efficiently produced for any future business needs. We already today deliver for IPTV networks and video to mobile phones and it’s essential that we remain open to all future distribution channels. We believe that Ardendo’s modular, customized approach eases the integration process for any upcoming technology requirement.”
Among others, Ardendo software will be used by the channel to provide up to 20 simultaneous channels of video feed ingest.
“We are thrilled to be able to improve operations so significantly for such a premier broadcaster as TV4,” said Jonas Engström, CEO of Ardendo. “The confidence they have shown in our approach truly demonstrates that an open, scalable platform for managing media assets is the path to success in today’s dynamic, broadcast environment.”
Ardendo was recently acquired by Vizrt, the world’s leading producer of real-time 2D and true 3D graphics system for television. Vizrt acquired all outstanding shares of Ardendo in an all-share transaction in exchange of 2,912,790 ordinary shares of Vizrt, finalized on May 5th of this year.
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt’s true 2D/3D graphics tools with Curious Software’s World Maps and Ardendo’s Asset Management. Running on non pro-prietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
Vizrt’s product suite is used by the world’s leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com.
Forward looking statements
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt’s management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
- Contact Information
- Kathrine Wallace
- VP Marketing
- Vizrt Ltd.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.