Vizrt signs a USD 3.2 million MAM deal with a Dutch TV and Film Archive
Bergen, Norway, December 19, 2014, Vizrt Ltd. (Oslo Main List: VIZ).
Vizrt Ltd. announced today a deal worth USD 3,150,000 for the implementation of a media asset management (MAM) project and B2B web shop, for a Dutch TV and Film Archive.
The deal includes Viz One, Vizrt’s MAM system including workflow orchestration tools. Integrated portals will allow business partners and consumers to have access to the audio visual content. The system will replace a current digital archive. The new architecture will provide more efficient workflows and allows business growth in the future.
This deal is with a new customer and Vizrt was selected after an exhaustive RFP process. The solution Vizrt offered was convincing as the one fitting the customers’ high requirements in the best way. Revenue from this project is going to be recognized over few quarters.
“This order exemplifies the strong position Vizrt’s MAM solutions and workflow tools hold in the market. It is a perfect example of how Vizrt products are ideally suited for customers even beyond the realm of traditional broadcasting”, said Martin Burkhalter, Vizrt´s CEO.
Investor and media contact:
Martin Burkhalter / CEO / +41 22 365 75 01 / MBurkhalter@vizrt.com
Tomer Wald / CFO / +44 20 3289 6415 / TWald@vizrt.com
Frank Schwarz / Schwarz Financial Communication / +49 611 1745 398 11 / schwarz@schwarzfinancial.com
About Vizrt:
Vizrt provides real-time 3D graphics, studio automation, sports analysis and asset management tools for the broadcast industry - interactive and virtual solutions, animations, maps, weather, video editing and compositing tools. Vizrt's products are used by the world's leading broadcasters, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, and NHK. Furthermore, many world-class production houses and corporate institutions such as the Stock Exchanges in New York and London use Vizrt systems.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
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