EVS acquires MOG Technologies; TinkerList investment
August 5, 2024
EVS, a specialist in live video production technology, has announced the acquisition of Portugal based MOG Technologies. EVS says the acquisition enables it to immediately broaden its premium live production ecosystem by expanding its file-based ingest and transcoding capabilities.
MOG Technologies’s expertise in cloud technology will bolster EVS’s Balanced Computing strategy, particularly enhancing its content management and distribution solutions, respectively MediaCeption and MediaHub. With a team of close to 50 colleagues based in Porto, the acquisition grants EVS access to a pool of skilled talent, bringing pexpertise in digital media and video technology, beyond traditional broadcasting.
“I am excited to welcome the MOG Technologies team into the EVS family. The integration of MOG Technologies is a logical step in EVS’s transformation, moving beyond products to offering comprehensive solutions and forming a premium live production ecosystem where all live stories are produced, managed, and distributed seamlessly,” says Serge Van Herck, CEO of EVS. “The product range of MOG Technologies not only complements EVS’s existing portfolio, but will also help to quickly integrate software-defined ingest capabilities and introduce new transcoding features, both on-prem or in the cloud, in line with the Balanced Computing strategy of EVS. This solution is meant to serve the evolving needs of our customers. ”
Luis Miguel Sampaio, CEO of MOG Technologies, added: “Joining forces with EVS is a significant step for MOG Technologies. Our combined expertise will enable us to offer unparalleled solutions to the media and broadcast industry. We are excited about the opportunities this acquisition brings and look forward to contributing to EVS’s success.”
MOG Technologies generates an annual revenue of approximately €4 million. The acquisition represents a value, including an earn-out mechanism, totaling below €5 million. The share purchase agreement was signed on August 2nd at the EVS House in Paris. The transaction is subject to certain closing conditions, which are expected to be fulfilled by Q4 2024.
Additionally EVS has announced its investment in TinkerList, a Belgian company aiming to make live broadcasting more intuitive, reliable and productive.
Tinkerlist is a specialist in the media production industry, having developed Cuez – a Cloud-based rundown management system – as a web application and automation system designed to connect seamlessly with a wide variety of production devices. The company aims to improve production efficiency across the industry.
Erik Hauters, CEO of TinkerList, commented: “We are happy to have the means and the support of EVS to achieve our vision, closing the gap between the writer’s room and the technical broadcasting environment. This investment will allow us to further extend the scope of our application to increase its relevance across a wider set of productions, while maintaining the same level of simplicity in usage. The strengthened partnership will help us to expand globally, thanks to EVS’s direct and indirect worldwide footprint. Moreover, this investment from a solid broadcast leader demonstrates the sustainability of our company.”
Serge Van Herck, CEO of EVS, added: “We are very proud to become a shareholder in such a promising and innovative company that re-invents the way to produce live content. EVS now owns an important minority stake in Tinkerlist, allowing the team to remain independent and autonomous while supporting their growth and ambitions.”
The transaction value, including capital increase and loans, represents a total investment of below €3 million.