To address the escalation of media content in today’s media and entertainment industry, Arvato Systems Group acquired Vidispine to strengthen its portfolio while enabling cloud-based content management. (Photo credit: Viacheslav Iakobchuk / Adobe Stock / Arvato Systems)
Acquisition aims to address the growth in video content and enable cloud-based content management for media companies
Arvato Systems Group has acquired Vidispine, a Swedish media asset management (MAM) solutions provider. The acquisition will see both companies strengthening their portfolios while addressing the explosion in video content and growth of cloud-based solutions for media.
Calling the acquisition “a step towards the digital future”, Matthias Moeller, CEO of Arvato Systems Group, explained that media companies would be able to benefit from the integration of technology, products and expertise from both Arvato Systems and Vidispine. “We can now support them even better on their way to digital transformation, and the implementation of new business models,” he added.
Additionally, the acquisition will see the integration of solutions from Vidispine and Arvato Systems, such as the Video Production Management Suite (VPMS). Media companies therefore will be able to exploit emerging opportunities in cloud-based content management in a more effective and targeted manner, said the companies.
Erik Åhlin, CEO at Vidispine, added: “We are delighted that the existing partnership with Arvato Systems will enable an even more intensive integration of our solutions and a joint-market launch.
“For us, the Arvato Systems solutions fill many gaps, both in terms of technology and market coverage. Together, we can better support our customers with cloud-based, state-of-the-art solutions.”
The Vidispine portfolio comprises a number of components built on the Vidispine Server, a content management platform that is capable of managing the creation, management, storage and processing of digital content.
Other solutions Vidispine offer include VidiXplore, a software-as-a-service (SaaS) solution, which allows operators to manage video content across a variety of storage locations; and Vidinet, a platform-as-a-service (PaaS) that provides access to cloud solutions for enterprise media workflows.