Grass Valley Acquisition Completed

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...

The Sponsors Perspective: Broadcasters Now Need To Care About Quality Viewing Experiences

Thanks to Over-the-Top (OTT) streaming video, content owners and broadcasters have a very different relationship with the end consumer – often a direct one.

Content Delivery Crossroads

What has changed the most over the course of broadcast TV technical history is the price of admission, the elimination of generation loss, HD and IP.

Sinclair Begins Commercial ATSC 3.0 Broadcasts

“We’re productizing a transformation, not a transition.” Mark Aitken, President of Sinclair’s One Media.

Is Gamma Still Needed? - Part 2

Here we look at some of the origins of gamma in imaging and move on to introduce the peculiar characteristics of the cathode ray tube.

Honing Advanced Television’s Leading Edge

Top TV engineering technologists update the current status of ATSC 3.0. The cloud is the unifier.