Global broadcast solutions provider BroadStream Solutions has confirmed the acquisition of Oasys, pioneers of automated playout software technology, for an undisclosed sum.

The owners have chosen to combine all of the operations under a global holding company, with regional sales and support offices servicing customers locally, offering the complete range of playout solutions for News, Live Production, Turnaround Operations and Master Control. This will enable BroadStream Solutions to serve additional global markets to those where Oasys currently operates, while also better positioning the Oasys products in the US.

Mark Errington CEO, BroadStream Solutions said, “The acquisition is great news for both OASYS and BroadStream customers who now have access to a wider range of products.  The broadcast industry is undergoing a transformation, spurred by consolidation in the market sector, changes in customer consumption habits, spreading of advertising revenues, changing broadcaster budgets and rapidly updating technology. Now BroadStream and OASYS have joined forces, we are well placed to ensure that our customers gain maximum ROI, with better long-term flexibility of products, that can be reconfigured as channel requirements and workflows change.”

Other posts by :

1. EchoStar booms on SpaceX holding
2. Norway wants a satellite constellation
3. Crossroads backs AST SpaceMobile
4. FCC examines SpaceX’s 15,000 sat-constellation plan
5. EchoStar: “Severe uncertainty” led to spectrum sales
6. Netflix gets downgrade on Warner Bros move
7. UK trims Orbex investment
8. Euro-bank sets up €500m space fund
9. Revenue jump forecast for Eutelsat

Categories: Articles, Business, M&A