EVS acquires MOG Technologies to enhance portfolio and expand market reach

Photo of Serge Van Herck, CEO of EVS, and Luis Miguel Sampaio, CEO of MOG Technologies at the EVS House in Paris.

STRATEGIC ACQUISITION TO FURTHER SUPPORT THE EXTENSION OF MEDIACEPTION WORKFLOWS

EVS, a leader in live video production technology, is proud to announce the acquisition of Portugal based MOG Technologies, a strategic move that enhances EVS's portfolio with state-of-the-art file-based and software-defined video solutions. This acquisition enables EVS to immediately broaden its premium live production ecosystem by expanding its file-based ingest and transcoding capabilities.

MOG Technologies's renowned expertise in cloud technology will bolster EVS's Balanced Computing strategy, particularly enhancing its content management and distribution solutions, respectively MediaCeption® and MediaHub®. The strengthening of EVS’s cloud-based services aligns perfectly with the evolving expectations of the market, ensuring that the company remains at the forefront of technological advancements in live and near-live production.

Moreover, with a team of close to 50 colleagues based in Porto, the acquisition grants EVS access to a pool of highly skilled talent, bringing profound expertise in digital media and video technology, beyond traditional broadcasting. This infusion of talent is set to drive innovation in new directions and reinforce EVS's position as a pioneer in the industry.

Customers of both EVS and MOG Technologies will benefit from the combined strengths of both companies. The acquisition will provide:
•    Enhanced product offerings: A broader and more integrated range of solutions to streamline media workflows from ingest to distribution.
•    Innovation and development: Enhanced capability of investment in research and development to drive technological advancements and deliver cutting-edge solutions.
•    Expanded support and services: Improved customer support and professional services to ensure seamless implementation and optimal use of the combined product portfolio.

"I am excited to welcome the MOG Technologies team into the EVS family. The integration of MOG Technologies is a logical step in EVS’s transformation, moving beyond products to offering comprehensive solutions and forming a premium live production ecosystem where all live stories are produced, managed, and distributed seamlessly," says Serge Van Herck, CEO of EVS. "The product range of MOG Technologies not only complements EVS's existing portfolio, but will also help to quickly integrate software-defined ingest capabilities and introduce new transcoding features, both on-prem or in the cloud,  in line with the Balanced Computing strategy of EVS. This solution is meant to serve the evolving needs of our customers."

Luis Miguel Sampaio, CEO of MOG Technologies, added: “Joining forces with EVS is a significant step for MOG Technologies. Our combined expertise will enable us to offer unparalleled solutions to the media and broadcast industry. We are excited about the opportunities this acquisition brings and look forward to contributing to EVS’s success.”

MOG Technologies generates an annual revenue of approximately EUR 4 million. The acquisition represents a value, including an earn-out mechanism, totaling below EUR 5 million. The share purchase agreement was signed on August 2nd, 2024, at the EVS House in Paris. The transaction is subject to certain closing conditions, which are expected to be fulfilled by Q4 this year.

This acquisition underscores EVS's commitment to innovation and excellence, ensuring that it continues to deliver unparalleled solutions to its customers and stakeholders worldwide.
 

Media Contacts

Veerle De Wit – Chief Financial Officer - v.dewit@evs.com 

Sébastien Verlaine - Senior Brand & Corporate Communications Manager - s.verlaine@evs.com