Haivision Systems, a global provider of streaming and networking solutions, has announced a definitive agreement to acquire CineMassive Displays.
With the addition of the CineMassive technology, Haivision says it will combine low latency live video with real-time secure data sources and communication elements to provide customers with a single-vendor solution for situational awareness.
CineMassive, based in Atlanta, GA, has 62 employees and had approximate revenues of $20 million (approximately in 2020. It develops mission-critical visual collaboration technology including CineNet, a solution that aggregates content from multiple real-time sources for display and interaction within control room operations centers. It also enables secure sharing for situational response across multi-site organisations and with remote collaborators. CineMassive has an installed base that includes Akamai, McKesson, Cox Communications, CBS, Stanford University, many US police/emergency response centres, and tactical operations centres across every branch of the US Armed Forces.
“Cybersecurity, network, and physical threats are today’s reality that governments and large enterprises are now addressing with global multi-disciplinary teams,” said Mirko Wicha, Haivision President and CEO. “With the combination of Haivision and CineMassive technologies, customers can create a secure, global common operating picture from a single vendor leveraging both cloud connectivity and intelligent edge capabilities.”
“We have worked with Haivision for over ten years and our companies share many common themes,” said David Minnix, Co-founder and CEO of CineMassive. “Our approach to real-time performance, security, and IT compliance in solving mission-critical challenges of the highest order is echoed by Haivision and reflected in the longstanding relationships that we both have with our customers.”
“Haivision and CineMassive are very complementary in the government and defense markets,’’ said Brian Henry, Haivision’s Senior Vice President of Global Sales. “Fortune 500 enterprises, public safety, and emergency response teams are looking towards proven defense-style approaches to situational response, and towards companies like Haivision and CineMassive which are built upon years of engagement, reputation, and trust in the most challenging markets.”
The definitive purchase agreement provides that Haivision will indirectly acquire, through a wholly-owned subsidiary, 100 per cent of the membership interests of CineMassive on a cash-free and debt-free basis for a total purchase price of $30 million.