Quantel acquires Snell to create new force in media technology

Quantel acquires Snell to create new force in media technology Combined organisation delivers greater scale and new technology innovation for customers

12 March 2014: Quantel, the market leading innovator in news and sports production systems and high quality post, today announced that it has acquired Snell. Snell is a world leader in broadcast and media technology providing a comprehensive range of solutions for Live TV production and the creation, management and distribution of content for TV everywhere - on tablets, mobiles and web. The acquisition enables the combined business to offer customers a complete product range to create, version and deliver high quality content efficiently across multiple platforms.

"This acquisition brings two great companies together to create a major new force in the global broadcast and media technology market. This will enable us to better serve Quantel and Snell customers around the globe," said Ray Cross, Executive Chairman and CEO, Quantel. "Our product ranges are entirely complementary so the excellent Snell and Quantel brands and product ranges will continue. Well be able to combine the best in class talent and technologies from Quantel and Snell to bring exciting new products and solutions to market to help our customers transform their businesses. More local offices across the world will enable us to build closer relationships with our customers and to offer even better support."

"Paul Martin, Managing Director of the Snell TV Everywhere division and Robert Rowe, Managing Director of the Snell Live TV division will join the Quantel board to make sure it is business as usual for Snell customers," continued Cross. Tim Banks, Snell Sales Director and Peter Fredericks, Snell Finance Director are also taking leading roles in the new combined organisation. "Im really delighted that the Snell and Quantel businesses have come together to increase the scale and scope for both," said Simon Derry, outgoing CEO at Snell. "Under Rays leadership the combined business will be able to write a new and exciting chapter moving forwards. I look forward to supporting Ray during the important period of transition."

"We will be creating a new world class facility at the company headquarters in Newbury to produce the complete Quantel and Snell product range and we look forward to the new ideas generated when the two R&D teams start to interact," said Cross.

The new business has the scale, talent and IP to achieve even greater success in the competitive global media technology market. With offices in 16 locations all around the globe and with combined revenues of more than $170m, Quantel and Snell is the new force in the broadcast and media technology market.

More information at http://www.quantel.com/snell

ENDS

About Quantel

Quantel is a world-leading developer of innovative, high performance content creation and delivery systems for News & Sports production and high quality Post. Quantel systems deliver the creative, productive and flexible workflows that give broadcasters and post houses the edge they need in todays competitive global media market. Products include: Pablo Rio software color correction and finishing systems; Enterprise sQ fast-turnaround news and sports production systems; Mission media asset management; QTube stream-based workflows; revolutionQ software services delivering fast-turnaround workflow; and a full range of professional services. More about Quantel at http://www.quantel.com

About Snell

Snell creates unique and Emmy award-winning technologies to help broadcasters, content owners and content providers worldwide to process and manage their valuable media content. Recognised as global leaders in image processing, Snell applies over 40 years of media expertise to help customers transition to IT, IP, cloud, 4K and UHD workflows and enable them to monetize and deliver their media assets to multiple distribution platforms. Through its core divisions - TV Everywhere and Live TV - Snell brings tangible business benefits to its customers across the production value chain, whether a national broadcaster or an OTT provider. Headquartered in the UK, Snell serves more than 2000 broadcasters, post facilities and global media companies in more than 100 countries. For more information visit www.snellgroup.com.

LINK:	http://www.quantel.com/page.php?u=ea9b4c2078bc5c40f75c1e2d2e6f9359...
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