Broadcast News

Bookmark and Share

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
Solidmate Ltd Memory Card Hire London

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

NEP Group Acquires Fletcher Group
NEP Group has acquired Fletcher Group, LLC (Fletcher), a Chicago-area company that provides the highest-end specialty ultra-slow motion and robotic ca
The INFiLED Group Scoops Prestigious Award
The INFiLED Group has announced that its next-generation Deep Black (DB) Series LED range has been awarded an internationally recognised iF Design Awa
Gary Rotondelli From Vitec Group Retires
Vitec Group has announced the retirement of Gary Rotondelli, director of technical sales for Vinten automation. Rotondelli has charted an illustrious
RCF Group Acquires DPA Microphones
RCF Group has announced the signing of an agreement for the acquisition of DPA Microphones A/S (DPA) from The Riverside Company. DPA, based in Allerod
NEP Group Acquires BSI
NEP Group has acquired Baltimore-based Broadcast Sports International, LLC (BSI). BSI is the recognised industry leader in the design and production o
Dejero Provides CellSat Blended Cellular To World Racing Group
Dejero has provided its CellSat blended cellular and Ku-band IP satellite solution to World Racing Group (WRG), the premier sanctioning body for dirt
Harmonic Media-Over-IP Solution Selected For M6 Group Workflow
French TV operator M6 Group has transitioned to a full-IP video workflow with Harmonic's media-over-IP solution. The solution was deployed as an upgra
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
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
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
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
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
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
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
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