Technology investment company Francisco Partners has completed the acquisition of Grass Valley’s broadcast and professional business from Technicolor.
As of January 1st, 2011 Grass Valley began
doing business as an independent company again.
The terms
of the sale include 100 per cent ownership of
the current Grass Valley Broadcast & Professional business, including
the camera, content re-purposing, editing, master control production switchers, routing
and video servers product lines. It also includes the
sales & systems activities and customer support organisation world
wide.
Grass Valley has established a customer information website
to help customers and technology partners understand the specifics of the deal.