Masstech and Software Generation Ltd. (SGL) have merged, making the combined company one of the biggest providers of solutions for managing media asset lifecycle, the companies announced this morning. The combined company will be called Masstech Innovations Inc.
Joe French, Masstech president and CEO, will run the combined business from its U.K. headquarters. FPE Capital, a U.K.-based growth equity investor becomes the majority shareholder in the combined company.
Together, the companies have more than 40 years of experience serving the worldwide media and broadcast industry, including TV networks, post facilities, news producers and sports enterprises.
SGL founders and directors Bernie Walsh, Dave Bray and Paul Moran will eventually retire after a period of consulting with the combined entity to ensure a smooth transition, a press release announcing the merger said.
Strategy and technology consultancy Media Asset Capital served as investment advisor for both Masstech and SGL. Financial terms of the deal were not disclosed.
More information is available on the Masstech website.