Qvest Media, a systems architect and ICT integrator of broadcast and media technology, has bought 75 percent HMS GmbH, a specialist in the development of broadcast automation solutions.
The acquisition will help Qvest Media to enhance its development solutions team to design and offer new cloud-based services, products and solutions.
Qvest Media and HMS Media Solutions signed a joint agreement at IBC, resulting in Qvest Media acquiring a 75 percent share of HMS GmbH. Frank Mistol, the current owner and CEO of HMS GmbH, remains a further shareholder with 25 percent of the shares.
Peter Nöthen, CEO of the Qvest Media Group, said: “This year, we have already sharply accelerated our regional footprint with three new sites in Europe. The acquisition of HMS media solutions will enable us now to grow strategically in the area of product development. Besides cloud applications and custom software solutions, our focus will be on developing customer-driven and performant connectors for hybrid solutions comprising a combination of on-premise and cloud infrastructures. HMS has a strong team of product designers and software developers.”
Qvest Media and HMS Media Solutions will use their combined skills to develop cloud applications along with individual and customised software solutions. In the future, Qvest Media will offer and market these solutions internationally through its “QM Connectivity” and “QM Cloud Products” product lines.
Germany-based HMS media solutions already offers hardware- and cloud-based solutions for channel-in-a-box, multichannel ingest, playout, media recording and encoding as well streaming. In the course of the takeover by Qvest Media, HMS’ existing product range will be maintained and expanded.
Frank Mistol, owner and CEO of HMS GmbH said: “Our skills and product portfolio are an excellent match for Qvest Media’s strategic direction. We are therefore delighted to be able to continue to grow and accelerate the expansion of our international business together with Qvest Media – for example, through technological synergies, flexible and fast processes and innovative solutions.”
Following the takeover by Qvest Media as majority shareholder, the company headquarters of HMS GmbH will remain in the current location of Halle (Salle); the current team of 25 employees will be further expanded.