Haivision will benefit from Aviwest's 5G mobile technology and network bonding when the deal closes.
Haivision Systems Inc., a global provider of real-time video streaming and networking solutions, has signed an agreement to acquire Aviwest S.A.S.
Haivision will acquire 100% of the shares of Aviwest on a cash-free and debt-free basis for cash consideration of $29.6m, subject to customary adjustments. Aviwest had approximate revenues of $15.1m in 2021. The acquisition is expected to be accretive by the end of Haivision’s second quarter.
With the addition of Aviwest, Haivision will have a comprehensive video contribution solution portfolio to address the growing demand for live, high-quality video content in broadcast, sports, and live event production.
This acquisition by Haivision will combine two industry majors in low latency video contribution. Haivision is a premier vendor for low latency “wired” broadcast video networks; Aviwest is a premier vendor for low latency wireless broadcast video networks. The acquisition will bring mobile networking (5G/4G cellular) and patented network bonding capabilities to Haivision’s solution portfolio. Combined with Aviwest, Haivision will be a provider of low latency broadcast technology solutions for any live event.
Founded in 2008, Aviwest is a provider of mobile IP-based video contribution systems and a pioneer in the transmission of live video over cellular networks. The company has a history of innovation including portable cellular video transmission, live video transmission over a 4G network implementing QoS, and live 4K video transmission over a 5G network. Aviwest has also received two EmmyÒ Awards for its SST networking technology for reliable transmission of video over bonded networks.
Headquartered in Rennes (Saint-Grégoire), France, Aviwest has more than 70 employees with field operations globally.
Commenting on the acquisition, Mirko Wicha, President and CEO of Haivision, said: “With the addition of Aviwest, Haivision will now lead in both fixed and mobile networks in providing ultra-low latency video solutions. We are very excited to welcome the amazing team at Aviwest and its customers to the Haivision family, and to provide broadcasters globally a trusted and proven vendor to solve their video contribution challenges.”
Ronan Poullaouec, CTO and Co-Founder of Aviwest, added: “Together with Haivision, our solutions will bring customers maximum live video flexibility with ultra-low latency, highly reliable network connectivity, and pristine video quality. With sub-200ms glass-to-glass latency over 5G networks, our solutions are revolutionizing remote production workflows by giving broadcasters more options for contributing real-time content for premium live events and sports coverage.”
On March 16 at 9 am EST, Haivision will host a virtual CTO discussion, Haivision & Aviwest: The Future of Broadcast Video Contribution, sharing the strategy and vision of the acquisition. Featuring Mahmoud Al-Daccak, CTO of Haivision, and Ronan Poullaouec, CTO of Aviwest, attendees will learn how this important acquisition is poised to change the face of broadcast contribution.