Vizrt Purchases NewTek: Combined Companies to be Driving Force in the Transition to IP video

Vizrt's recent purchase of NewTek has sent shockwaves through the industry. Vizrt is already a monster in the media world supplying more than 100 countries worldwide with their media management and content production technologies. Their acquisition of NewTek shows that together they want to take over the world! At least the media world.

NewTek has the live streaming software and hardware needed for professional broadcast-grade productions. Vizrt has been in media for decades and has complimentary software that can elevate the most dynamic broadcasts in the world. Combining these two infrastructures along with NewTek's NDI technology- these two companies will transform everything we thought we knew about technology.

The company will deliver flexible end-to-end workflows for all levels of production and software-based products and services for media, sports, entertainment, education, enterprise, and esports. Current Vizrt President/CEO Michael Hallén will lead the business. Current NewTek President/CTO Dr. Andrew Cross will assume the role of president, research and development, of the combined company.

“Combining our organizations allow us to pursue our joint vision of software-based video production, leveraging the power and flexibility of computing and IT-based systems,” says Hallén. “The combined business will be very well-positioned to deliver turnkey systems that give creative power to any organization that has ambitions of producing content for any output platform.”...[continue reading]