Lumine Group – a buy-and-hold forever acquirer of communications and media software businesses, announced that through one of its wholly-owned subsidiaries, it has agreed to acquire assets related to the Vidispine brand and business from Arvato Systems, a subsidiary of Bertelsmann SE & Co. KGaA.
Vidispine, a brand within Arvato Systems, helps companies streamline their sales and core operations by offering Broadcast management solutions for Media Asset Management. And Vidispine focuses on innovation, enhancing workflow efficiency, and maximizing content potential.
Vidispine is based in Germany. After the acquisition, it will be Lumine Group’s 15th corporate carve-out transaction and first acquisition in the country.
KEY QUOTES:
“We are thrilled and looking forward to welcoming Vidispine, its customers, and employees to our growing Media Monetization portfolio. Vidispine provides global private and public broadcasters with media sales, rights, scheduling and asset management solutions, which will complement our current broadcaster products and services.”
– Tony Garcia, Group President and Interim CEO at Lumine Group
“After a competitive process, Lumine Group was selected as the best home to protect the Vidispine brand. Once the acquisition is complete, through its transition of Vidispine to Lumine Group, this carve-out will enable Arvato Systems to focus on core market solutions.” Nicolas Ley, Vice President Vidispine at Arvato Systems adds: “With Lumine Group’s growing media ecosystem and experienced leadership in the media software space, I believe Vidispine will be well positioned for success in this next chapter. I am very much looking forward to continuing to develop the Vidispine business under the new ownership in the coming years.”
– Matthias Moeller, CEO at Arvato Systems Group
