Leitch Technology has entered into an agreement to acquire Inscriber Technology, based in Waterloo, Ontario. Inscriber is a privately held video software company that develops both SD and HD television graphics and digital signage products for the broadcast and video post-production markets. The companies expect to close the transaction this month.
The total purchase price is $18 million Cdn, including the assumption of $1.5 million in debt, which will be funded through Leitch's existing cash balances.
Inscriber extends Leitch's position in the market with a complementary product range focused on broadcast graphics, content branding and logo generation, enabling an Integrated Content Environment (ICE) that will streamline workflow for broadcast and media companies, the customer base currently served by both companies.