eyevis has added a second company to its list of 2014 acquisitions after it bought majority interest in digital signage software company STiNO Media.
The new purchase complements the company’s February acquisition of IPTV and video networking provider Teracue, and falls in line with its strategy to broaden its complete solutions portfolio for numerous applications areas, including control rooms.
STiNO – which is based in Landsberg, Germany – is a globally operating manufacturer of innovative digital signage software solutions together with its sister company Stinova.
The acquisition will see the both companies transformed into the new STiNO eyevis, with hope that this will bring together both the companies’ resources in development and sales and set trends for high-quality hardware and software complete solutions in the digital signage sector.
“STiNO Media AG offers very innovative software solutions for the operation of digital signage networks and the communication with interactive digital commercial displays,” commented Heiko Schaich, CEO of eyevis. “Those displays can be perfectly combined with our display solutions. Since eyevis wants to strengthen its competences in the growing digital signage market, we integrated STiNO into our company group. Together as eyevis-Teracue-STiNO association we will be able to offer high-quality complete solutions for digital signage applications in the future.”
“The acquisition is a win-win-situation for both companies”, added Franz Hintermayr, founder and associate of STiNO Media AG and new managing director of STiNO eyevis GmbH. “eyevis provides us with new resources that help us to increase our sales activities and in this way better draw on our existing business potential nationally and internationally. Conversely, eyevis will be able to extend its product portfolio in the digital signage sector due to our support and offer complete packages of coordinated hardware and software solutions.”
With the majority takeover of StiNO by eyevis, brand, name and patent rights as well as all employees and the management remain as before. “In this way customers of STiNO can be sure that the expertise of the company will be preserved and further developed”, Schaich explained.
The acquisition of the majority stake of STiNO Media AG is another step in the growth strategy of eyevis GmbH with the goal of becoming the leading full-service provider of display and video wall systems for the areas of control rooms, presentation and information, broadcast as well as virtual reality and simulation worldwide. Already in February of this year, eyevis therefore acquired the company Teracue from Odelzhausen, Bavaria.