Blackmagic Design, a provider of video processing and distribution technology has acquired da Vinci Systems, a pioneer in the areas of film coloring and restoration, based in Coral Springs, Fla. Financial terms of the deal were not released.
Blackmagic is headquartered in Port Melbourne, Australia, with offices in Europe, Asia and a U.S. office in Milpitas, Calif. The company has developed a range of products for editing, monitoring and conversion and has recently expanded into distribution with its Videohub router product line. Grant Petty, Blackmagic Design CEO and founder said that the company will focus its efforts on improving engineering and marketing for da Vinci’s Resolve and Revival products.
“The team for Resolve should be 3-4 times bigger in about two months time and we have a lot of good ideas to work on,” Petty said in an e-mail statement earlier this month. More…