Broadstream Acquires OASYS

Global broadcast solutions provider BroadStream Solutions has today announced its acquisition of OASYS providers of automated playout software technology.

All operations will be combined under a global holding company, with regional sales and support offices servicing customers locally.
"This will enable BroadStream Solutions to serve additional global markets to those where OASYS currently operates, while also better positioning the multi-award winning OASYS products in the US," a statement said.
The OASYS team will remain with the company and the company's products will form a part of the product portfolio, becoming the basis of all playout innovation in the future.
Owners Mark Errington and Herbert Brenninkmeijer will remain as senior leaders within the business, with Errington adopting the role of CEO at BroadStream Solutions and Brenninkmeijer remaining Chairman of the Board.
BroadStream Solutions' acquisition of OASYS is for an undisclosed sum. The deal completed on 5 June 2014 and is not subject to any regulatory or company approvals.
Mark Errington CEO, BroadStream Solutions said: "The acquisition is great news for both OASYS and BroadStream customers who now have access to a wider range of products. The broadcast industry is undergoing a transformation, spurred by consolidation in the market sector, changes in customer consumption habits, spreading of advertising revenues, changing broadcaster budgets and rapidly updating technology.
"Now BroadStream and OASYS have joined forces, we are well placed to ensure that our customers gain maximum ROI, with better long-term flexibility of products, that can be reconfigured as channel requirements and workflows change."

www.broadstream.com

(IT/JP)