This strategic move allows EVS to enhance its live production ecosystem by integrating MOG’s file-based ingest and transcoding capabilities.

Strengthening Cloud Technology and Balanced Computing Strategy

MOG Technologies’ expertise in cloud technology will support EVS’s Balanced Computing strategy, improving its MediaCeption® and MediaHub® solutions for content management and distribution. This acquisition aligns with market expectations, ensuring EVS stays at the forefront of technological advancements in live and near-live production.

Access to Skilled Talent and Innovation

The acquisition also brings a team of nearly 50 skilled professionals from Porto, who specialize in digital media and video technology beyond traditional broadcasting. This talent infusion is expected to drive innovation and strengthen EVS’s industry leadership.

Benefits for Customers

Customers of both EVS and MOG Technologies will experience several benefits from the acquisition, including:

• Enhanced Product Offerings: A broader range of integrated solutions to streamline media workflows from ingest to distribution.
• Innovation and Development: Increased investment in research and development to deliver cutting-edge solutions.
• Expanded Support and Services: Improved customer support and professional services for optimal use of the combined product portfolio.

Leadership Statements

Serge Van Herck, CEO of EVS, expressed enthusiasm about the acquisition: “The integration of MOG Technologies is a logical step in EVS’s transformation, moving beyond products to offering comprehensive solutions and forming a premium live production ecosystem where all live stories are produced, managed, and distributed seamlessly.”

Luis Miguel Sampaio, CEO of MOG Technologies, added: “Joining forces with EVS is a significant step for MOG Technologies. Our combined expertise will enable us to offer unparalleled solutions to the media and broadcast industry.”

Financial Details and Transaction Timeline

MOG Technologies generates an annual revenue of approximately EUR 4 million. The acquisition, valued below EUR 5 million, includes an earn-out mechanism. The share purchase agreement was signed on August 2nd, 2024, at the EVS House in Paris. The transaction is expected to close by Q4 this year, subject to certain conditions.

Commitment to Innovation and Excellence

This acquisition highlights EVS’s dedication to innovation and excellence, ensuring the delivery of exceptional solutions to customers and stakeholders worldwide.