Latin America. EVS announced the acquisition of Portugal-based MOG Technologies, a strategic move that enhances EVS's portfolio with state-of-the-art software-defined, file-based video solutions.
This acquisition allows EVS to immediately expand its premium live production ecosystem by expanding its file-based ingest and transcoding capabilities.
MOG Technologies' expertise in cloud technology will reinforce EVS's balanced computing strategy, notably enhancing its content management and distribution solutions, respectively MediaCeption and MediaHub.
The strengthening of EVS's cloud-based services aligns perfectly with changing market expectations, ensuring the company stays ahead of technological advancements in live and near-live production.
In addition, with a team of close to 50 colleagues based in Porto, the acquisition gives EVS access to a pool of highly qualified talent, who bring deep expertise in digital media and video technology, beyond traditional broadcasting. This addition of talent will drive innovation in new directions and reinforce EVS's position as a pioneer in the industry.
EVS and MOG Technologies customers will benefit from the combined strengths of both companies. The acquisition will provide:
- Enhanced Product Offerings: A broader, more integrated range of solutions to optimize media workflows from ingest to distribution.
- Innovation and development: greater capacity to invest in research and development to drive technological advances and offer cutting-edge solutions.
- Expanded support and services: Enhanced customer support and professional services to ensure smooth deployment and optimal use of the combined product portfolio.
MOG Technologies generates annual revenues of approximately €4 million. The acquisition represents a value, including a deferred payment mechanism, of less than €5 million. The share purchase agreement was signed on August 2, 2024 at the EVS House in Paris. The transaction is subject to certain closing conditions, which are expected to be met in the fourth quarter of this year.
