- Sony and Nevion strike strategic partnership
- Deal includes minority stake in Nevion
- Alliance provides Sony with “standards-based solutions”
Sony is set to bolster its end-to-end IP offering having struck a partnership and investment deal with Nevion.
The two firms said they have agreed to establish a strategic partnership in the area of IP-based solutions for broadcasters and other industries.
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As part of the deal, Sony said it would also become a leading investor in Nevion by acquiring a minority stake in the company through a share purchase agreement.
Nevion chief executive Geir Bryn-Jensen said the alliance was “based on very complementary solutions, products and know-how, and will allow us to offer a lot more to our customers, both existing and potential, than we have been able to until now. It will also give us a much greater scalability and reach”.
Nevion provides IP media network products for the real-time transport, processing, monitoring and management of the video, audio and data signals used in production. Its products include tools for network management and monitoring, router control, signal conversion, synchronisation and encoding and decoding.
Sony said its customers would now benefit from “more advanced, fully integrated and standards-based media production solutions” that would make it easier for media firms to move to IP in their facilities and in remote production.
Mikio Kita, senior general manager of Sony Imaging Products & Solutions Media Solution Business Division, added: “Through this strategic partnership, we will be able to expand our end-to-end IP solution offerings that allow customers to produce live content connecting multiple locations. Working together with Nevion, we will deliver an integrated and optimal experience for our customers.”
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