MINNEAPOLIS, MONTREAL, LAUSANNE, Switzerland —BroadSign International Inc.a provider of hosted software for managing digital signage networks, has announced that it has entered into an agreement to acquire privately-held Navori International S.A. The announcement was made atScreen Expo Europein London. The Switzerland-based company provides software solutions for closed digital signage networks. Financial terms of the agreement have not been disclosed.
This acquisition expands the company’s presence in the European and Pacific Rim markets with a centrally located facility for sales, support and services staff.
Navori will be integrated into the BroadSign brand adding to the company’s offerings portfolio specifically for companies requiring a closed on-premise digital signage network. The agreement will also allow Navori the opportunity to participate in BroadSign’s Ad Server which delivers content to over 100 networks in 25 countries around the world on a Software as a Service (SaaS) model.
“The acquisition of Navori will offer businesses requiring a closed on-premise network an opportunity to add on to BroadSign’s product offering,” said Rick Engels, President and CEO of BroadSign. “BroadSign was designed with a focus on being leader providing clarity and growth in the digital signage space. This initial acquisition demonstrates BroadSign’s ability to add market shares and increase vertical penetration.”
Navori powers more than 17,000 screens and drives more than 4,000 networks worldwide. Its customers include well- established brands such as Sony, Boeing and Clear Channel network inside Norway’s Oslo International Airport.
“Navori is joining forces with a leader in digital signage technology,” said Jerome Moeri, CEO of Navori S.A. “Our immediate goal is to gain from synergies and contribute to the creation of a new technological standard for our industry.”