Media Firms Merge to Enhance IT, Cloud Capabilities

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Two international acquisitions close, reflecting a growing trend towards hardware-software mergers.

InGear

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Consolidation in the Media Industry

Two recent acquisitions in the media industry have marked a significant shift towards consolidation of hardware and software enterprises. The deals, managed by MediaBridge Capital Advisors, saw Pebble Beach Systems, a UK-based broadcast automation and channel-in-a-box software leader, sell to Vislink plc for $25 million. Meanwhile, X2O Media, a Montreal-based visual communications software pioneer, was acquired by Barco N.V., a multinational manufacturer of visualization systems based in Belgium, for CA$21 million.

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