Bergen, Norway, December 21, 2011. Vizrt Ltd. (Oslo Main List: VIZ)
Vizrt Ltd., a leading provider of content production tools for the digital media industry, announced today that the Company has signed a deal worth approximately MUSD 1.3 for the implementation of a MAM system with a South East Asian TV Channel
The deal consists of the implementation of a Viz Ardome (http://www.vizrt.com/products/viz_ardome/) enterprise system with additional tools for the integration of the MAM system into program production. Furthermore, Vizrt will deliver tools that allow for the MAM system to interface with the client's in-house BMS system.
Martin Burkhalter, CEO of Vizrt, stated, "This is a very substantial MAM deal, with which we are very pleased. We won this particular one because of the innovative features inherent in our Ardome system, but also due to our ability to integrate critical systems in the different phases of Broadcasters' workflow. Furthermore, we were able to give the client a great level of confidence due to our great delivery track record, which is a credit to our teams who implement MAM systems throughout the world".
The client has a clearly defined HD-upgrade roadmap for next year and have indicated they are considering the purchased Ardome system for use with its news production in HD, which would result in Ardome becoming the only core MAM system used by the TV channel.
About Vizrt:
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com (http://www.vizrt.com/)
Investors and media contacts:
Martin Burkhalter
President & CEO
+41 22 365 75 01
mbu@vizrt.com (mailto:mbu@vizrt.com)
Ofra Brown
CFO
+47 5351 8040
ofra@vizrt.com (mailto:ofra@vizrt.com)
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz@schwarzfinancial.com (mailto:schwarz@schwarzfinancial.com)
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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Vizrt Ltd. via Thomson Reuters ONE