Lumine Group to acquire Vidispine from Bertelsmann-backed Arvato Systems.

Lumine Group, a global buy-and-hold forever acquirer of communications and media software businesses, agreed to acquire Vidispine, an enterprise media asset management solution, from Bertelsmann-backed Arvato Systems, an IT specialist that supports major companies in digital transformation. Financial terms were not disclosed. “We are thrilled and looking forward to welcoming Vidispine, its customers, and employees to our growing Media Monetization portfolio. Vidispine provides global private and public broadcasters with media sales, rights, scheduling and asset management solutions, which will complement our current broadcaster products and services,” Tony Garcia, Lumine Group President and Interim CEO.