Digital Vision Acquires Image Systems

January 6, 2011, 09:28 AM

http://blog.devoncroft.com/2011/01/05/digital-visi...

Post production solution provider Digital Vision has entered into an agreement to buy Image Systems, a specialist provider of image processing and motion analysis, in a cash and stock deal valued at approximately $7.2m. The $7.2m purchase price represents a multiple of 1.22x Image Systems revenue of approximately $5.9m. Digital Vision is funding the deal with about $3.6m in cash, with the balance being comprised of 344 million new shares of stock, also valued at around $3.6m.

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