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...
As the number of channels for OTT delivery continues to grow, monitoring these channels in a highly automated way has become paramount to ensuring a good Quality of Experience for the viewer. To deliver QoE that’s as good as l…
Any experienced master control operator or quality control manager will tell you that monitoring hundreds of feeds requires that each individual channel is delivered reliably, on time and to the exact location it was meant to go. When these signals…
Strategies for capturing immersive audio for scene and object-based audio.
To maintain high quality of experience for their customers, content providers need a way to monitor hundreds—sometimes thousands—of channels without compromising real-time error detection. In most cases, the immense scale of their service offerings makes continual visual monitoring of …
Genelec Senior Technologist Thomas Lund starts down the road to ideal monitoring for immersive audio by looking at what is real, and how that could or should be translated for the listener.