Maker of Clipster Post System Sold
DVS Digital Video Systems, the maker of the Clipster postproduction system that is widely used at Hollywood post houses as part of their digital intermediate services, has been acquired by broadcast electronics supplier Rohde & Schwarz.
Both companies are privately owned, and the value of the deal was not disclosed.
DVS, which has roughly 100 employees, is a leading manufacturer of hardware and software that is used for postproduction of features and TV and to create deliverables of 2K and 4K films for digital cinema.
Per the deal, DVS will operate as a Rohde & Schwarz subsidiary, maintaining its management team as well as existing bases of operations in Burbank and Hannover, Germany, a spokesperson said. It will be known as DVS, a Rohde & Schwarz company.
DVS products and roadmap go unchanged, and the company believes that with Rohde & Schwarz, it will "expand its innovative and technological potential even more."
Said Jurgen Nies, head of the broadcasting division at Rohde & Schwarz: "We are confident that this partnership will result in the transfer of valuable technology from the studio to broadcasting. Moreover, DVS will benefit from the international Rohde & Schwarz sales network."
Rohde & Schwarz has about 7,400 employees and a service network in more than 70 countries. It reported a net revenue of $1.6 billion in fiscal year 2009-10.