Vizrt to Acquire LiberoVision
Vizrt, a provider of graphics and asset management tools for the broadcast industry that is publicly-traded in Oslo, plans to acquire LiberoVision, a Swiss company that develops technology aimed at sports broadcasting.
Both companies are suppliers to leading broadcasters including BBC in the U.K. and Germany's ZDF.
LiberoVision products include Libero Highlight, a replay application; and Libero Offside, an instant offside analysis tool aimed at resolving disputes during soccer games.
Vizrt recently entered into a strategic agreement with Stergen Hi-Tech, a developer of 2D-to-3D conversion software. The alliance means that the conversion system is integrated with Vizrt technology.
Per the deal with LiberoVision, Vizrt shall purchase all LiberoVision shares in three installments, based on company performance: 60%--an estimated $6.12 milllion--upon signing of the definitive agreement, 20% upon approval of 2011 financial statements, and 20% upon approval of the 2012 financial statements.