Net Insight has acquired ScheduALL for $14m in a bid to strengthen the former’s media service and workflow orchestration offering.
Florida-based ScheduALL is a provider of ERM (Enterprise Resources Management) software for media, broadcast and transmission businesses.
Net Insight chief executive Fredrik Tumegård (pictured) described the deal as “a giant leap” towards the company’s aim of creating “a unified and global media market place for both service providers and media companies”.
Tumegård added: “The acquisition also leads to a stronger customer offering which enables us to take a broader and more strategic role towards service providers and media companies.”
ScheduALL’s clients include NEP, AP and Technicolor.
The deal is expected to close on 1 October.