The Grass Valley logo remains respected throughout the industry.
Black Dragon Capital purchases leading TV solutions company from Belden.
Grass Valley has announced the completion of its acquisition by the private equity firm Black Dragon Capital, from Belden Inc. The completion of the transaction, announced earlier this year, puts Grass Valley in an ideal position to continue driving innovation as it leads the media and entertainment industry’s transition to a cloud-based future and pay-as-you-go business models.
As noted in the original transaction press release, Black Dragon Capital assumes full control of Grass Valley and all its assets. Belden will maintain a financial interest in Grass Valley and has entered into a multi-year Transition Services Agreement (TSA) to ensure the smooth handover of key business and operational systems from Belden to Black Dragon. Grass Valley is committed to continuing its innovation leadership in media technology to aid customers and partners who are adjusting their businesses to reflect these challenging times.
With the acquisition complete, Grass Valley will continue its day-to-day activities under the leadership of the company’s president, Tim Shoulders, without disruption.
“Grass Valley has shown itself to be the transformation partner for our customers time and again, leading the way with the transition from SDI to IP and now again with the move to cloud-based and SaaS solutions,” Shoulders said. “By leveraging Black Dragon’s experience, Grass Valley will be able to more effectively develop and deliver solutions that lead the media industry through its own digital transformation.”
Black Dragon’s founder and CEO, Louis Hernandez, Jr. commented, “Grass Valley’s strong client base, comprehensive product suite, advanced technology, outstanding service reputation and brand positions them well to lead and inspire this industry during a time of digital disruption. We are excited to be a part of their next phase working closely with the Grass Valley team.”
Shoulders continued, “The coming months will see us build on the recent successful launch of GV AMPP, the cloud-enabled, SaaS platform built specifically for broadcast. I’m thrilled to be at the helm as we work closely with Louis and his team to identify the most mutually beneficial ways to meet the needs of those in the media technology industry. There’s tremendous opportunity for growth as we transition to a software-defined future.”
You might also like...
Timing accuracy has been a fundamental component of broadcast infrastructures for as long as we’ve transmitted television pictures and sound. The time invariant nature of frame sampling still requires us to provide timing references with sub microsecond accuracy.
Dialogue is king in television. Let’s face it, you don’t watch an episode of your favorite police procedural or reality show just to listen to the sound design or the incidental music. But whether the content is scripted or …
When televised sports events began to return after the initial coronavirus lockdown in 2020, U.S. broadcasters faced a dilemma. With no spectators in attendance, what do you do about the lack of crowd noise? This is the fascinating story of…
The need for synchronization rears its head in so many different endeavors that it has to be accepted as one of the great enabling technologies.
The count according to ATSC as of 10 August 2021 indicates NextGen TV is reaching 35% of all US households on 148 NextGenTV channels in 41 US markets. Another 8 markets are expected to sign on new NextGenTV channels by the end of summer 2021. 48 more markets…