M&A Deal Summary

Avid Acquires Orad Hi Tec Systems

On April 13, 2015, Avid acquired software company Orad Hi Tec Systems from Viola Partners for 60M USD

Acquisition Highlights
  • This is Avid’s 12th transaction in the Software sector.
  • This is Avid’s 2nd largest (disclosed) transaction.
  • This is Avid’s 2nd transaction in Israel.

M&A Deal Summary
Date 2015-04-13
Target Orad Hi Tec Systems
Sector Software
Buyer(s) Avid
Sellers(s) Viola Partners
Deal Type Add-on Acquisition
Deal Value 60M USD

Target

Orad Hi Tec Systems

Kfar Saba, Israel
Orad Hi-Tec Systems is a provider of real-time 3D broadcast graphics solutions. Real-time video processing and pattern recognition algorithms, powerful hardware engines, sophisticated sensor technologies and innovative application generators are currently being used to deliver unique tools that make TV, sports and advertising more exciting, effective, compelling and riveting. Orad’s solutions are used in news, channel branding, sports productions, elections and special events broadcasting, virtual studios, and virtual advertisements. Its solutions streamline production workflow, enhance viewer experience, and improve production value.

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Buyer(S) 1

Buyer

Avid

Burlington, Massachusetts, United States
Category Company
Founded 1987
Sector Software
Employees1,485
Revenue 417M USD (2022)
DESCRIPTION

Avid is a provider of audio and video technology for media organizations and independent professionals. Company customers use Avid solutions to create, distribute, and monetize the most prestigious and award-winning films, videos, music recordings, TV shows, live concerts, and news broadcasts. Avid was founded in 1987 and is based in Burlington, Massachusetts.

DEAL STATS #
Overall 18 of 18
Sector (Software) 12 of 12
Type (Add-on Acquisition) 16 of 16
Country (Israel) 2 of 2
Year (2015) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-12 Orad Hi-Tec Systems

Kfar Saba, Israel

Orad Hi-Tec Systems Ltd. is a provider of state-of-the-art 3D real-time graphics, video servers and related asset management solutions.

Buy $60M

Seller(S) 1

SELLER

Viola Partners

Herzeliya, Israel

Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 290M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Viola Partners is the private equity investment arm of Viola Group, a diversified investment firm focused on providing credit as well as investing in venture and private equity deals. Viola Partners specializes in technology buyouts and growth capital investments in middle-market companies. The Firm generally looks to invest in Israel and will consider both public and private companies. Viola seeks businesses operating in attractive markets with strong product differentiation and proven business models. The Firm typically invests up to $30 million equity per transaction. Viola Partners was formed in 2000 and is based in Hertzliya, Israel.

DEAL STATS #
Overall 5 of 12
Sector (Software) 1 of 2
Type (Add-on Acquisition) 3 of 8
Country (Israel) 3 of 7
Year (2015) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 MacroCure

Kiryat Matalon, Petach Tikva, Israel

MacroCure Ltd. is a biotechnology company focused on the development and commercialization of advanced cell therapy products. MacroCure currently manufactures and markets its lead product, CureXcell™, in Israel for difficult-to-heal wound treatment. MacroCure plans to begin a multinational Phase III study under an SPA, in the US, Canada and Israel in the second quarter 2011, for lower extremity ulcers in diabetic patients.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-12 VATBox

Amstelveen, Netherlands

VATBox is a global cloud-based provider of automated VAT recovery and governance solutions. VATBox was formed in 2012 and is based in Amstelveen, Neterlands.

Buy -
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