Orad Hi-Tec Systems Ltd: Orad announces the completion of its investment for 63% of the fast turnaround MAM vendor - IBIS

Orad Hi-Tec Systems Ltd  / Key word(s): Acquisition

30.08.2011 08:36

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Orad Hi-Tec Systems Limited (Symbol: OHT), a world leading provider of
real-time video graphic solutions announced that it has reached closing of
the investment agreement for 63.38% of Integrated Broadcast Information
Systems Limited, (IBIS). As part of the deal Orad has invested in IBIS an
amount of US-Dollar 2.11million in cash with an option to increase its
holdings to 100% within the next 54 months.  Future investment price is
dependent on the future revenues and net profits.
 
IBIS was established in 1991 and specialises in the fast growing market of
Media Asset Management (MAM) for fast turn-around file based workflows in
Sports and News. IBIS's headquarter is in the UK with support operations in
North America and Asia. Some of IBIS's customers include ESPN Star Sports,
the BBC and the Irish Parliament, Dublin.

Orad and IBIS have already combined their capabilities to product the new
fast turnaround sports media asset management solution, PowerPlay. 
PowerPlay will be launched in September at IBC 2011.

IBIS's MAM technology will enhance and complement Orad's solutions for the
video graphics broadcast market.

About Orad Hi-Tec Systems
Orad Hi-Tec Systems is a world-leading provider of real-time 3D broadcast
graphics solutions including news, channel branding, sports production and
enhancement, elections and special events, virtual studios, and virtual
advertisement. Orad's compelling solutions streamline production workflow,
enhance viewer experience, and improve production value. Founded in 1993,
Orad is a public company listed on the Frankfurt Stock Exchange Prime
Standard (OHT).

More information is available at www.orad.tv   


For further information contact:

ORAD Hi-Tec Systems Ltd
Ehud Ben Yair, CFO
ehudb@orad.tv                                                         

Edicto Investors Relations
Dr. Sonke Knop
Frankfurt Germany
+49 608494859                                





30.08.2011 DGAP's Distribution Services include Regulatory Announcements, 
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Language:     English
Company:      Orad Hi-Tec Systems Ltd
              15 Atir Yeda str POB 2177
              44425 Kfar Saba
              Israel
Phone:        +972-9-7676862
Fax:          +972-9-7676861
E-mail:       orad@orad.tv
Internet:     www.orad.co.il
ISIN:         IL0010838071
WKN:          928634
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart; London
 
End of Announcement                             DGAP News-Service
 
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