Vizrt closes Mosart Medialab acquisition

Bergen, Norway, (PresseBox) - Further to its March 4, 2014, announcement concerning the signing of a definitive purchase agreement regarding the acquisition of Mosart Medialab AS ("Mosart"), Vizrt Ltd. announces today the successful completion of this transaction.

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

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