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Barco acquires digital signage specialist dZine
July 19, 2010
Source: Barco
Acquisition broadens
Barco's product portfolio with software tools for content
creation and distribution
Barco announced it has signed an agreement to acquire Belgium-based
digital signage solutions company dZine. Through this acquisition,
Barco significantly broadens its current offering of digital
visualization products with the addition of advanced software
tools for content creation and management.
The total acquisition cost for Barco at
the time of the transaction is less than 1 time annual sales
of dZine excluding an earn-out provision over the next two
and a half years. Barco's acquisition of dZine fits within
the company's broader strategy to position itself as a total
value-added solutions provider in the digital signage market.
“Barco and dZine have a common philosophy of bringing
innovative, customer-centric digital signage solutions to
the high and mid-range markets via partnerships with leading
distributors and resellers. By joining forces, both our companies
will be able to open up new sales opportunities, which will
strengthen our position in the digital signage market for
years to come,” stated Paul Matthijs, Vice President
of Barco's Video and Lighting Solutions Division.
Founded in 1992, dZine has gained a solid reputation in the
digital signage and professional mobile solutions markets.
Its products and solutions are widely acclaimed and have been
installed in more than 55 countries around the globe. As proof
of its capabilities, the company recently won the 'Best Digital
Signage' Award from a global trade association for marketing
at retail, POPAI, for a multi-display digital escalator project.
As of today, dZine's core team, based in Kortrijk, Belgium,
will function as Barco's center of competence for digital
signage technology. Luc Deconinck, General Manager of dZine,
stated: “We are excited to join the big Barco family.
Teaming up with a globally recognized brand such as Barco
will permit us to increase our reach and to extend our existing
sales, marketing, and service capabilities.”
About dZine
dZine, an independent private company founded by Dirk Ghekiere
in 1992, is a pioneer in the development of digital signage
systems and professional mobile solutions.
Founded on a strong, experienced team of hardware and software
engineers, dZine builds advanced digital signage solutions
for a variety of environments, including retail, hospitality,
transportation and corporate branding. dZine employs over
45 highly qualified staff members and has established customer
relations in over 55 countries. For more information: www.dzine.be
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