Evertz Invests in a Technology Company
December 18 2012 - 9:00AM
Marketwired
Attention Business/Financial Editors:
Evertz Technologies Limited (TSX:ET), 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.
About Evertz
Evertz Technologies Limited (TSX:ET) 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.
Contacts: Evertz Technologies Limited Anthony Gridley (905)
335-7580ir@evertz.com
Evertz Technologies (TSX:ET)
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