The Vitec Group completed the acquisition of Lightstream for $36m.

The Vitec Group, a manufacturer of camera supports, completed the acquisition of Lightstream, which develops cloud-based live production software to enable content creators, for $36m. "Lightstream is a world-leading live streaming software business. This acquisition enables Vitec to enter the substantial and fast-growing adjacent gaming market, adding innovative and complementary software for our live streaming customers and significantly expanding our customer reach. With Lightstream as part of the Group, we will be able to address the growing demand for cloud-based content creation as well as more than doubling our recurring revenue stream," Stephen Bird, Vitec CEO.