Broadcast News

Bookmark and Share
25/09/2013

Autocue Group Announce MBO Of Its Workflow Division

Autocue Group Ltd confirms that it has reached an agreement in principle to sell its Workflow division to the Group CTO, Neil Hutchins.
The Workflow division encompasses the newsroom, automation and media management software, video server and production suite hardware, and associated maintenance contract customers. Autocue Group Ltd will retain the Prompting division, together with the Autocue and QTV brands, relinquishing all interest in the Workflow business. The deal is likely to complete by the end of September 2013 – until then the divisions will continue to operate together as normal.
This is the culmination of a long-term strategy to separate the two divisions. Frank Hyman, Group CEO explains, "We’ve been operating Prompting and Workflow as separate divisions for well over a year now, with dedicated development and operational teams and Richard Satchell and Neil Hutchins at the helm of their respective divisions. We now feel the time is right for each business to have the dedicated focus it requires to address its full growth potential."
Hyman continues, "I'm delighted for Neil. Thanks to our investment and Neil and his team’s exceptional work, the Workflow division is very profitable, has a strong customer base, an excellent solution set and a very exciting future."
Only the Prompting business will exhibit at this year’s IBC event. Hutchins explained, "We have made the decision not to exhibit Workflow products at IBC this year (though we will have a sales representative at the show). Instead we’ve invested in a dedicated demonstration facility in the UK and we’ll also be running road shows in key territories. We feel this will allow us to carry out more detailed product demonstrations with our customers and targeted training with our resellers. Once the transition is complete we’ll also be announcing significant extensions to our product range."
The transaction will also see Autocue Group CEO Frank Hyman transition to Executive Chairman, with Richard Satchell (currently Group Commercial Director) replacing him as CEO.
Satchell, commented, "This new, singular prompting focus will bring significant benefits to our customers and help us to build on our market leading position. For example, we’ll be able to build stronger relationships with newsroom providers who would previously have considered us a competitor. We’re very well placed to integrate (and innovate) with these manufacturers thanks to the extensive NRCS experience we have within our in-house development team."
Autocue Group
(MH/CD)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

13/12/2011
Autocue Outlines BVE Focus
Autocue has given Regional Film and Video the run down on what to expect from them at BVE London in 2012- with an emphasis on their new production and
25/04/2016
Autocue Adopts NewTek NDI for IP Production Workflow
Autocue has announced the adoption of NewTek's open Network Device Interface (NDI) standard for IP-based production workflows for its QStart Prompting
25/05/2018
AIMS' Install Working Group Chair To Lead Seminar At InfoComm
The Install Working Group Chair of the Alliance for IP Media Solutions (AIMS), Rich Zwiebel, is to lead a seminar at InfoComm 2018. The seminar, title
24/04/2018
Cineplexx Group Austria And RealD Continue Partnership
Cineplex Group Austria and RealD have announced the continuation of their long term partnership to bring RealD 3D equipment, 3D glasses and Ultimate S
24/04/2018
Danmon Group Sweden Appointed New Jünger Audio Distributor
Jünger Audio has appointed Danmon Group Sweden as its new distributor for the territory after a deal was agreed at the 2018 NAB Show. Danmon Group Swe
17/11/2017
Media Links Supports AV User Group
Media Links has been named as one of the sponsors at the upcoming AV User Group event to be held in London on 30 November. The AV User Group is a foru
24/04/2017
Vitec Group To Feature At NAB 2017
The Vitec Group is to display its extensive range of products and services for broadcast, film and photographic professionals at NAB Show 2017, Booth
09/01/2012
Autocue Outlines BVE Focus
Autocue has given Regional Film and Video the run down on what to expect from them at BVE London in 2012- with an emphasis on their new production and
03/11/2004
Autocue appoint new Prompting Sales Manager
Autocue has announced that Carlo DeCianti, formerly UK Hire Manager, has been promoted to Prompting Sales Manager. DeCianti will be in charge of the S
08/10/2014
Vitec Videocom Acquires Autocue Group Ltd
Following approval from the Competition & Markets Authority, Vitec Videocom, a division of the Vitec Group plc, has completed the acquisition of Autoc
18/04/2007
Frank Hyman Appointed CEO Of Autocue Group
Autocue has announced that Frank Hyman has been appointed CEO of Autocue Group. Simon Philips, Chairman of Autocue, said: "Frank’s appointment heralds
08/06/2018
Vitec Group Opens New Production Solutions UK HQ
Vitec Group's Production Solutions Division has officially opened a new UK headquarters in Bury St Edmunds. The Group's CEO, Stephen Bird, is hosting
18/01/2012
Autocue To Showcase Workflow Solutions
Autocue has given Regional Film and Video the run down on what to expect from them at BVE London in 2012- with an emphasis on their new production and
16/12/2011
Autocue Reveal BVE Focus
Autocue has given Regional Film and Video the run down on what to expect from them at BVE London in 2012- with an emphasis on their new production and
01/11/2017
Sterling Event Group Signs Panasonic Deal
Sterling Event Group has announced a six-figure deal with Panasonic to allow it to offer the latest in projector technology in the UK. Sterling will b