Haivision Systems rises on CineMassive Displays acquisition

Haivision Systems

30/06/2021 16:07

** Video streaming and networking solutions provider's
shares  HAI.TO  up as much as 2.1% at C$8.70 in early trading 
    ** Co to acquire CineMassive Displays LLC, and with this
addition, HAI will combine low latency live video with real-time
secure data sources and communication elements
    ** Combining real-time video with intelligent data
visualization allows HAI to provide a critical visual
collaboration platform for global security operations centers
(GSOC), cybersecurity, joint and tactical operations, and
control rooms, co says
    ** Co will acquire, through a wholly owned subsidiary, 100%
of the membership interests of CineMassive on a cash-free and
debt-free basis for a total purchase price of $30 mln
    ** Stock down ~17.3% YTD

 (Reporting by Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))