EVS completes acquisition of MOG Technologies

EVS, a global leader in live video production technology, is pleased to announce the official completion of its acquisition of MOG Technologies. This announcement marks the finalization of the acquisition process, with all closing activities successfully completed. EVS now formally welcomes MOG Technologies into its portfolio, significantly enhancing its solutions offering and expanding market reach.

Following the signing of the initial agreement in August, both companies have already begun the integration process, with team members from both sides working closely together to ensure a seamless transition. The collaboration has been highly productive, and team members from MOG Technologies are excited to officially join the EVS family.

"The completion of this acquisition is a pivotal moment for us," said Serge Van Herck, CEO of EVS. "We are thrilled to welcome the talented team at MOG Technologies and to integrate their state-of-the-art software-defined video solutions into our portfolio. Together, we are better positioned to deliver innovative, end-to-end solutions for the media and broadcast industry, ensuring that our customers continue to receive the best technology and support available."

As part of the integration, Luis Miguel Sampaio, former CEO of MOG Technologies, expressed his enthusiasm for the progress made so far and the opportunities that lie ahead. “Since the signing of the agreement, we have seen tremendous collaboration between our teams, and the integration is progressing smoothly,” said Sampaio. “The potential of our combined expertise is already becoming evident, and I am excited about the future we are building together. This acquisition opens up new possibilities of innovation, and I am confident that we will continue to deliver exceptional value to our customers.”

Sampaio’s leadership and insights will continue to play a crucial role in ensuring that the combined companies unlock the full potential of this strategic partnership.

Customer feedback following the initial announcement of the signing in August has been overwhelmingly positive. Many customers have expressed their endorsement of our strategic direction. EVS demonstrated MOG's products during the recent IBC trade show in Amsterdam, where the potential of integrating MOG's ingest and transcoding products into EVS's asset management solution MediaCeption® was showcased. As a result, EVS is on the verge of announcing an important customer project based on this integration, further highlighting the benefits of the acquisition.

"The alignment between our product lines has already proven valuable to customers," continued Van Herck. "The integration of MOG's file-based ingest and advanced transcoding product features into our MediaCeption solution will allow us to broaden EVS’s premium live production ecosystem. We are excited about what this means for the future of our combined value proposition."

As of today, all team members of MOG Technologies have officially joined EVS. This collaboration strengthens EVS's ability to innovate and invest in new technologies, particularly in software-defined ingest capabilities and cloud-based content management and distribution.

This acquisition will deliver strategic benefits, such as:

• Expanded product and solution offerings: a more integrated range of solutions to streamline workflows, from ingest to distribution.
• Increased innovation capacity: the acquisition adds a new R&D center, bringing the total number of EVS R&D centers to six. This expansion will help accelerate innovation and attract new talent to the company.
• Enhanced customer support: broader support services to ensure customers benefit from the combined portfolio and expertise.

The integration of MOG Technologies is already underway and will further strengthen EVS's commitment to innovation and excellence, ensuring that it continues to deliver unparalleled solutions to its customers and stakeholders worldwide.

For more info about this press release, or to set up an interview with EVS, please contact:

Veerle De Wit • Chief Financial Officer 
Tel: +32 4 361 7004 • Email: v.dewit@evs.com 

Sébastien Verlaine • Senior Brand & Corporate Communications Manager
Tel: +32 4 361 5809 • Email: s.verlaine@evs.com

This press release contains forward-looking statements with respect to the business, financial condition, and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of EVS's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. EVS undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.