MONTREAL – Haivision Systems Inc. (“Haivision”) (TSX: HAI), a leading global provider of mission-critical, real-time video streaming and networking solutions, announced that it has completed the acquisition of CineMassive Displays, LLC (“CineMassive”), an industry leader in delivering visual collaboration solutions for mission-critical environments, for US$30 million, US$15 million of which was paid by the issuance of common shares.
Full details of the transaction are available in the June 30, 2021 press release announcing Haivision’s agreement to acquire CineMassive.
“With this acquisition, we’re combining the power of real-time secure video networking and data visualization to create a unique offering in the market that addresses the mission-critical challenges of complex situations like cybersecurity, network, and physical threats,” said Mirko Wicha, Haivision President and CEO. “This will offer our customers a secure, global common operating picture from a single vendor which is critical for collaboration in global security operations centers, joint and tactical operations centers, public safety operations centers, and control rooms.”
This acquisition of CineMassive increases Haivision’s footprint within the defense, government, and enterprise markets, extends its leadership in secure live video networks by including real-time data visualization in support of mission-critical decision making, and continues the company’s focus on IT compliance, security, industry standards, and government certifications.