Vizrt closes Mosart Medialab acquisition
Pursuant to the agreement, Vizrt has purchased all of the issued and outstanding share capital of Mosart, on a fully diluted basis, for a cash consideration of NOK 106.2 million (approximately USD 17.7 million).
Additionally, the sellers have an earn-out mechanism should revenues for the years 2014 and 2015 exceed certain thresholds. Following the closing, Vizrt holds 100% of the outstanding share capital of Mosart. The consolidated financial statements of Vizrt for Q1 2014 will include Mosart's financials.
Vizrt Head Quarter
Vizrt provides real-time 3D graphics and asset management tools for the broadcast industry - from award-winning animations & maps to online publishing tools. Vizrt's products are used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, the BBC, BSkyB, Al Jazeera, ITN, ZDF, Star TV, Network 18, TV Today, CCTV, NHK, The Globe and Mail, Times Online, The Telegraph, and Welt Online. 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