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Chippenham-headquartered software and IT company SCISYS group has acquired a newsroom software business which provides its services to the BBC.
ANNOVA Systems GmbH, a German supplier of newsroom software systems, has been snapped up in a deal which includes an initial payment of £9.7m and a three-year earn-out of up to £14.1m.
SCISYS said it aims to focus on growth and further engagement in the media and broadcast sectors globally.
Klaus Heidrich, chief executive of SCISYS, said: “Joining forces with ANNOVA in a great way adds to our growth aspirations and to our objective of enhanced margins, and also is an excellent cultural fit. I am glad to welcome the entire team at ANNOVA as new members of the SCISYS Group.”
ANNOVA will continue to operate under its current name and product portfolio, while chief executive Michael Schüller will continue to lead his team as usual from the company’s Munich headquarters.
SCISYS group’s clients include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, AON, Interflora and the National Trust.
It has UK offices in Chippenham, Bristol, Leicester and Reading, and two offices in Germany.
ANNOVA’s OpenMedia products are aimed at journalistic workflows and cover all media types, including television, radio and online solutions.
Michael Schüller, the chief executive and founder of ANNOVA, added: “Joining forces with SCISYS is an exciting step forward for the ANNOVA team, enabling us to take the business to a new level. With SCISYS we get a perfect partner, providing us with an opportunity to offer customers a new best-of-breed solution with exciting synergies across our product portfolios.”