Leitch recently completed the acquisition of Inscriber, the privately held video software company based in Waterloo, Ontario.
As previously announced, in mid-December Leitch entered into a definitive agreement to purchase Inscriber for a total purchase price of $18 million cash, including the assumption of $1.5 million in debt.
Leitch has funded the acquisition out of the company's cash balances and will account for this transaction as a purchase during the third quarter ending Jan. 31. The company is scheduled to release its third quarter results Feb. 22.
For more information, visit www.leitch.com.