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July 07, 2015 4:12 PM ET

Software

Company Overview of Vizrt Ltd.

Company Overview

Vizrt Ltd., together with its subsidiaries, provides real-time 3D graphics, studio automation, sports analysis, and media asset management tools for broadcast industry worldwide. The company offers interactive and virtual solutions, animations, maps, weather, video editing, and compositing tools. Its product line comprises Viz Engine, a real-time compositor of graphics and video; Viz Artist, a real time modeling and animation tool; Viz Trio, a one character generator for live televised events; Viz Pilot to create, manage, and deliver content for live and taped news, sports, election, and other broadcast productions; Viz Virtual Studio that supports camera-tracking solutions and other studio ...

Nordre Nøstekai 1

Bergen,  5011

Norway

Founded in 1994

584 Employees

Phone:

47 55 23 00 25

Key Executives for Vizrt Ltd.

Chief Executive Officer
Age: 63
Chief Financial Officer
Age: 41
President of Americas Division
Age: 67
President of Vizrt APAC
Age: 48
President of Vizrt SEMEA
Age: 46
Compensation as of Fiscal Year 2015.

Vizrt Ltd. Key Developments

Vizrt Ltd. Reports Consolidated and Parent Earnings Results for the Year Ended December 31, 2014

Vizrt Ltd. reported consolidated and parent earnings results for the year ended December 31, 2014. For the year on consolidated basis, the company reported revenue of $141,534,000 against $122,412,000 a year ago. Operating income was $27,734,000 against $15,507,000 a year ago. Income before taxes on income was $26,836,000 against $13,762,000 a year ago. Net income from continuing operations was $15,959,000 against $4,155,000 a year ago. Net income was $15,550,000 against $3,575,000 a year ago. Basic and diluted net earnings from continuing operations were $0.23 against $0.06 a year ago. Net cash provided by operating activities was $17,327,000 against $19,562,000 a year ago. Purchase of property and equipment were $2,669,000 against $3,060,000 a year ago. For the year on parent basis, the company reported revenues from sales, royalties and other services of $25,133,000 against $28,575,000 a year ago. Operating income was $320,000 against $8,442,000 a year ago. Loss before taxes on income was $308,000 against income before taxes on income of $7,965,000 a year ago. Net income was $14,549,000 against $3,604,000 a year ago. Net cash provided by operating activities was $6,174,000 against $9,572,000 a year ago. Purchase of property and equipment were $60,000 against $129,000 a year ago.

Vizrt Ltd. Signs USD 0.920 Million Virtual Studio Deal with Thai Broadcaster

Vizrt Ltd. announced a deal worth USD 920,000 for the implementation of Viz Virtual Studio products with BEC Multimedia (Channel 3) in Thailand. The broadcaster will use Viz Virtual Studio to produce news shows. Being a long-time customer of Vizrt, Viz Virtual Studio is an addition to a wide range of Vizrt products and solutions used by this major broadcaster. Vizrt was chosen due to a successful long-time relationship, a trust in Vizrt´s products and the reliable after-sales support.

Vizrt Ltd. Signs USD 406,000 Broadcast Graphics Deal with European Broadcaster

Vizrt Ltd. announced a deal worth USD 406,000 for services and BG software licenses with a European broadcaster. The system is to be used for news productions, particularly for large broadcast events. The products are further extensions to their existing setup and will largely be supplemental for particular events. The broadcaster has been a customer for many years, and has chosen Vizrt due to a successful long-time relationship, a trust in Vizrt´s products and the reliable service and support.

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Recent Private Companies Transactions

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Merger/Acquisition
November 10, 2014
--
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