Grass Valley Sign $25 Million Multi-year Contract With Qvest

Qvest and Grass Valley sign $25 million global agreement for media and entertainment infrastructure innovation.

Grass Valley announces it has signed a $25 million (USD), multi-year contract with Qvest, the leading consultant, systems architect and media technology provider for digital transformation, that will see the two companies combine their complementary strengths and market offerings to meet the demands of today’s dynamic media industry. The deal brings technological, operational and financial benefits to Qvest for standardizing on Grass Valley’s advanced production solutions, thus benefiting from enhanced economies of scale, creative commercial models and closer technological collaboration.

"The media and entertainment industry is evolving at an astonishing rate with audiences demanding more content across a greater number of devices,” said Christian Massmann, CSO, Qvest. "Our customers are the cornerstone of the M&E space, ranging from news networks to sports broadcasters, video streaming services, and major film studios. These technology-reliant operators demand state-of-the-art solutions that enable them to differentiate their services and maintain a competitive edge. To offer this to our customers, in addition to our technology and transformation expertise we have built up a worldwide partner network of first-class product manufacturers over many years. By also working closer with the Grass Valley team in future, we are able to share market insights, align our technology roadmaps and leverage greater purchasing.”

The agreement marks the formation of a global and long-term strategic partnership building on the parties’ proven experience, strong customer relationships and extensive market references as trusted advisers to the media and entertainment industry.

Tim Shoulders, CEO and president, Grass Valley added, “We are delighted to be embarking on this next phase of the strategic partnership with Qvest and look forward to jointly realizing the benefits of the win-win enterprise agreement. Over the past 20-years, we have forged a powerful alliance and this next step will further strengthen our technology and business collaboration and will provide customers with world-class solutions that address both current operational challenges and longer-term transformational goals." 

You might also like...

AJA Video Provides Flexible Bridge From SDI To NDI And Back Again

As broadcast facilities and other organizations that use media to educate and inform continue to carefully make the move to video over IP, they currently face two main options, with a range of others in the wings. ​They may opt f…

Cellphone Apps Put Control And Monitoring In The Palm Of Your Hand

Due to the flexibility and virtually unlimited access of the Internet Protocol, manufacturers of broadcast and production equipment have for years provided customers with the remote ability, via an HTML 5 browser interface, to monitor and control hardware devices via a…

HDR: Part 39 - Creative Technology - The Good Old Days

Progress inevitably comes with compromise. We can’t complain about the technology that’s brought us from hundred-kilo tube cameras to the 4K cellphones of today, but anyone who remembers the fuzzy old days of the 1990s might also remember…

HDR: Part 38 - Creative Technology - Where’s My Jetpack?

At one time, it was traditional to complain about the things that science had promised us but failed to deliver. Now we actually have a jet pack that’s practical, or at least that lasts more than thirty seconds, we’…

The Technology Really Doesn’t Matter, It’s The Partnership That Lasts!

The Color (Or Resolution) Of Money - We live in a wonderful time for the creative media industry. Huge change processes are currently on-going, driven by technological and social factors - all bringing opportunities and threats in equal measure. Given…