Haivision Signs Agreement to Acquire AVIWEST

Transaction provides 5G cellular technologies and community bonding to Haivision’s business-major extremely-very low latency movie streaming and networking alternatives

MONTREAL, Feb. 24, 2022 /PRNewswire/ – Haivision Programs Inc. (“Haivision”) (TSX: HAI), a foremost international provider of mission-important, true-time movie streaming and networking answers, currently declared an settlement to acquire AVIWEST S.A.S. (“Aviwest­­”). With the addition of Aviwest, Haivision will have a thorough movie contribution answer portfolio to tackle the escalating demand from customers for dwell, substantial-quality movie information in broadcast, sports activities, and dwell occasion output.

This significant acquisition by Haivision will merge two field leaders in small latency online video contribution. Haivision is a premier vendor for very low latency “wired” broadcast online video networks Aviwest is a leading vendor for low latency wi-fi broadcast video networks. The acquisition will carry mobile networking (5G/4G cellular) and patented community bonding capabilities to Haivision’s remedy portfolio. Merged with Aviwest, Haivision will be an unmatched provider of very low latency broadcast technologies solutions for any dwell event.

Launched in 2008, Aviwest is a earth-leading service provider of cellular IP-dependent video clip contribution devices and a pioneer in transmission of dwell video around cellular networks. The organization has a history of innovation including lots of entire world firsts: moveable cellular video transmission, stay movie transmission above a 4G community applying QoS, and dwell 4K video transmission above a 5G network. Aviwest has also obtained two Emmy® Awards for its SST networking technologies for trustworthy transmission of video clip about bonded networks.

Globally, hundreds of top broadcasters, television stations, and creation homes have confidence in and count on Aviwest engineering in their working day-to-working day coverage of sporting and other are living occasions. Furthermore, Aviwest methods are utilized extensively in support of major international sporting activities. Headquartered in Rennes (Saint-Grégoire), France, Aviwest has more than 70 workers with subject operations globally.

“With the addition of Aviwest, Haivision will now direct in both of those preset and cellular networks in furnishing ultra-reduced latency online video options,” stated Mirko Wicha, Haivision President and CEO. “We are incredibly psyched to welcome the amazing crew at Aviwest and its customers to the Haivision relatives, and to supply broadcasters globally a reliable and confirmed vendor to remedy their online video contribution difficulties.”

“Together with Haivision, our options will carry consumers highest live video adaptability with ultra-lower latency, hugely reputable network connectivity, and pristine online video quality,” reported Ronan Poullaouec, CTO and Co-Founder of Aviwest. “With sub-200ms glass-to-glass latency more than 5G networks, our solutions are revolutionizing remote production workflows by offering broadcasters a lot more selections for contributing true-time articles for quality stay situations and sports activities protection.”   

On March 16 at 9 am EST, Haivision will host a digital CTO discussion, Haivision & Aviwest: The Upcoming of Broadcast Online video Contribution, sharing the strategy and eyesight of the acquisition. That includes Mahmoud Al-Daccak, CTO of Haivision, and Ronan Poullaouec, CTO of Aviwest, attendees will discover how this significant acquisition is poised to transform the facial area of broadcast contribution. Sign up to attend the webinar here:

https://www.haivision.com/methods/webinars/cto-dialogue/

Key Transaction Highlights:

Haivision is obtaining Aviwest to broaden its technology and answer portfolio with 5G transmission, cellular video clip contribution, and community bonding technology. This acquisition will make it possible for Haivision to:

• Provide a in depth answer portfolio for low latency online video contribution around set and mobile networks.
• Deliver lower latency synchronized stream supply to deal with the desires of remote output and cloud creation workflows.
• Gain from all cross-providing opportunities in between the companies’ highly complementary offerings.
• Include Aviwest’s patented community bonding technologies across Haivision’s items and leverage both of those EmmyÒ award-profitable network transportation protocols, SRT and SST.
• Increase Aviwest 5G and network bonding technological know-how into the expanding govt and general public security marketplaces.
• Appreciably increase Aviwest’s profits existence into the North American market.
• Derive long phrase merchandise advancement efficiencies in video clip encoding, cloud connectivity, and network administration.
• Acquire operational synergies in supply chain management, creation, world 24/7 support, product sales, and marketing and advertising.
• Build Haivision’s 2nd largest progress facility around the world in France, building Europe property to over 50 % of Haivision’s improvement team.
• Increase its global workforce to in excess of 400 employees.

Transaction Details:

Haivision will receive 100% of the shares of Aviwest on a hard cash-free and financial debt-free of charge foundation for dollars thought of €20.5 million (roughly C$29.6 million), subject matter to customary changes. Aviwest had approximate revenues of €10.5 million (around C$15.1million) in 2021. The closing is contingent upon the pleasure or waiver of all closing ailments, and the receipt of specific approvals, together with getting the advisory feeling of Aviwest’s Is effective Council (staff associates) as mandated by French Law – all of which are envisioned to be obtained within 30 times. The acquisition is envisioned to be accretive by the close of Haivision’s 2nd quarter.

About Haivision

Haivision is a primary international company of mission-important, serious-time video streaming and networking answers. Our connected cloud and smart edge technologies enable corporations globally to interact audiences, improve collaboration, and support determination generating. We provide high quality, lower latency, protected, and reliable dwell online video at a world wide scale. Haivision open sourced its award-successful SRT small latency movie streaming protocol and launched the SRT Alliance to assist its adoption. Awarded two Emmys® for Know-how and Engineering from the Countrywide Academy of Tv Arts and Sciences, Haivision proceeds to gasoline the future of IP movie transformation. Established in 2004, Haivision is headquartered in Montreal and Chicago with places of work, sales, and aid located all over the Americas, Europe, and Asia. Discover extra at haivision.com.

About Aviwest

Aviwest is a main world company of IP-primarily based cell online video contribution programs. Driven by proprietary, patented, and two-time Emmy® Award-winning smart IP bonding technological know-how, its reliable methods have been adopted by 1,000-plus broadcasters, on-line media, news businesses, social media corporations, and first responders in far more than 100 countries to address breaking information and stay occasions. Headquartered in Saint-Grégoire, France, Aviwest delivers qualified globally help for its goods and cloud providers as a result of area and international sales places of work and distribution networks across far more than 160 countries. Find out extra at aviwest.com.

Forward-Searching Statements

This launch includes “ahead-searching data” and “forward-looking statements” (collectively, “ahead-wanting statements”) inside the that means of relevant securities guidelines, including, devoid of limitation, statements regarding the timing and end result of the acquisition transaction with Aviwest and the predicted advantages of the transaction. In some circumstances, but not always in all instances, forward-hunting statements can be identified by the use of ahead-hunting terminology this kind of as “ideas”, “targets”, “expects” or “does not hope”, “is expected”, “an chance exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not foresee” or “thinks”, or versions of these terms and phrases or condition that specific steps, gatherings or benefits “may perhaps”, “could”, “would”, “might”, “will” or “will be taken”, “happen” or “be attained”. In addition, any statements that refer to anticipations, projections or other characterizations of long run gatherings or instances consist of ahead-searching statements. Forward-hunting statements are not historical specifics, nor assures or assurances of long run effectiveness but as a substitute symbolize management’s present-day beliefs, anticipations, estimates and projections about future events and functioning overall performance.

Ahead-wanting statements are essentially based on views, assumptions and estimates that, while thought of fair by Haivision as of the day of this launch, are issue to inherent uncertainties, pitfalls and improvements in instances that might differ materially from those people contemplated by the ahead-hunting statements. Crucial factors that could cause real final results to vary, perhaps materially, from people indicated by the forward-on the lookout statements contain, but are not limited to, the threat elements discovered under “Risk Elements” in Haivision’s latest once-a-year info form, and in other periodic filings that Haivision has manufactured and might make in the foreseeable future with the securities commissions or equivalent regulatory authorities in Canada, all of which are obtainable below Haivision’s SEDAR profile at www.sedar.com. There can be no assurance that the transaction will come about, or that it will come about on the terms and circumstances contemplated in this information release. The transaction could be modified or terminated.

These elements are not supposed to characterize a full listing of the things that could impact Haivision. Even so, this kind of danger variables really should be deemed very carefully. There can be no assurance that such estimates and assumptions will verify to be correct. You should not put undue reliance on forward-on the lookout statements, which converse only as of the day of this release. Haivision undertakes no obligation to publicly update any forward-on the lookout assertion, other than as essential by applicable securities rules.

Source Haivision Systems Inc.