BroadStream Solutions has acquired automated playout software firm Oasys.
BroadStream provides systems integrators, dealers and broadcasters with linear playout systems and news production tools.
Both companies are owned by Mark Errington and Herbert Brenninkmeijer.
Errington (pictured) has taken on the role of chief executive at BroadStream while Brenninkmeijer will remain chairman of the board following the completion of the deal at the end of last week.
Errington said: “The acquisition is great news for both Oasys and BroadStream customers who now have access to a wider range of products.
“The broadcast industry is undergoing a transformation, spurred by consolidation in the market sector, changes in customer consumption habits, spreading of advertising revenues, changing broadcaster budgets and rapidly updating technology.
“Now BroadStream and Oasys have joined forces, we are well placed to ensure that our customers gain maximum return on investment, with better long-term flexibility of products, that can be reconfigured as channel requirements and workflows change.”
The company said it would combine the operations of the two firms under a global holding company, with regional sales and support offices.
The Oasys team will remain with the company and the company’s products will form a “significant” part of the product portfolio.
“This will enable BroadStream Solutions to serve additional global markets to those where Oasys currently operates, while also better positioning the multi-award winning Oasys products in the US,” the company said in a statement.
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