EVS acquires OpenCube Technologies, a specialist of MXF technology solutions

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Algemeen advies 06/04/2010 08:04
Liège - Belgium, April 6, 2010, EVS Broadcast Equipment S.A. (Euronext Bruxelles: EVS.BR, Bloomberg: EVS BB, Reuters: EVS.BR), (Pinksheets: EVBEF), the leader in Professional Digital Video applications for live and studio TV production, today announced the acquisition of the French company OpenCube Technologies, specialist of technology solutions relating to MXF media.

This acquisition reinforces the expertise of EVS in the segment of the production and postproduction studios. OpenCube, founded in 2003 in Toulouse (France), is one of the world specialists of the MXF wrapping format, which has become a standard in the industry. The Opencube team includes approximately 15 people, mainly development engineers and operational experts, who acquired a solid reputation thanks to their expertise in open solutions for video file management in complex workflows. The MXF format (Material eXchange Format) is a wrapping format for professional video and audio media, defined by SMPTE standards.

Pierre L'Hoest, CEO of EVS, declared: "We have been working closely with OpenCube over the last few years, and we were very attentive to the evolution of their MXF software solutions, and more recently to the adoption by the market of their server designed for production ingest. The complementary nature of our technologies, but also the broadcast and IT know-how of OpenCube, were decisive in the integration of the company within our group, and will allow us to offer more comprehensive solutions to the market, while maintaining our unmatched quality service."

Benoit Février, Founder and CEO of OpenCube Technologies, said: "After 6 years of foundation and growth, it was appropriate for our products, including MXF products, to incorporate a wider range and especially to benefit from a global distribution channel. EVS is a natural choice given its leading position in niche markets. The accelerated replacement of tape-based workflows by infrastructures associated with computer software applications and the rapid adoption of HD in Europe motivated us to join EVS. The innovative strength of OpenCube, now combined with EVS, a performing group, will help EVS to become a market leader in production studios, and also to open new markets within post-production studios."

OpenCube Technologies sales amounted to EUR 1.4 million in 2009, a continued growth since its creation, and will be 100% consolidated as from April 1, 2010.

The two companies will present their latest developments and solutions during the NAB trade show in Las Vegas, between April 12 and April 15: EVS Central Hall C9508 / OpenCube South Upper Hall SU6807

Corporate Calendar:
April 10-15, 2010 NAB tradeshow, Las Vegas
Tuesday May 11, 2010 1Q10 results
Tuesday May 18, 2010 Combined Ordinary and Extraordinary General Meeting
Monday June 7, 2010 Postponed Extraordinary General Meeting
Thursday July 15, 2010 Trading update on 2Q10 revenue
Thursday August 26, 2010 2Q10 results






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