Film and TV grading and restoration specialist Digital Vision has acquired motion analysis and film scanning company Image Systems.
The Board of Directors of Digital Vision today confirmed the acquisition, which is subject to approval at an additional shareholder meeting.
As part of this announcement Digital Vision will introduce a new CEO Mikael Jacobsson who steps into the role end of Q1, 2011.
As the second largest shareholder in Image Systems, Jacobsson has been a key contributor to the company’s development. He has extensive prior experience with global software companies.
With offices in Stockholm, London, Los Angeles and Hong Kong Digital Vision’s customers include Pixar, Lucasfilm, Warner Bros., HBO, Technicolor, BBC and SVT.
“The acquisition of Image Systems is a logical and strategic step in Digital Vision’s development,” said Bengt Broman, current CEO of Digital Vision. Broman continued: “We now have more scope to meet the growing demands that the media industry has for creative solutions and services. There are multiple driving forces not least the transition to HD and higher resolution content, with consumers demanding pristine image quality from television through to 3D movies. The transition from analogue to digital, new distribution platforms and the restoration of media archives also provide an increasing demand for our services. With the acquisition of Image Systems, we will offer the market new concepts and will significantly increase our presence.”
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