Christie Digital Systems USA and Vista PHX Corp. announced an agreement for Vista PHX Corp., a newly formed company led by former Vista Systems owners Clark Williams and Jeff Wilson, to acquire Christie’s Broadcast and Professional Video business.
The deal, expected to close by the end of February, will return some of the industry’s most respected video processing technologies to the innovators who originally developed and championed them. Vista PHX Corp. will continue operations in Phoenix, Arizona, and will acquire Christie’s intellectual property and operational infrastructure for the Spyder, Terra, Phoenix and Mastering Gateway product lines.
This transition will bring these video processing platforms back to their roots, where the products were originally developed and manufactured. In particular, the transaction will help secure the future of the Spyder brand, says Christie, which serves as “a benchmark for uncompromising performance in live events, broadcast and high-end installations worldwide.”
Additionally, the Phoenix-branded distributed content management system, Terra SDVoE platform and Mastering Gateway Series will further strengthen Vista PHX Corp.’s position in delivering mission-critical video processing solutions.
“Bringing Spyder and the other innovative video processing product lines back under independent ownership is significant,” says Clark Williams, CEO of Vista PHX, Corp. “For our customers, this acquisition means continuity where it matters and acceleration where it counts. The same team, the same engineering DNA — now with the clarity and autonomy to move faster and invest deeper in the platform our customers rely on.”
Michael Phipps, president, Christie, commented on the transition. “The divestiture of the Broadcast and Professional Video group reflects our continued focus on our long-term strategic priorities. We believe that returning the video processing family of products to Clark Williams, Jeff Wilson and the Vista PHX team will best position them for sustained growth under owners whose core mission is centered on these products. We are committed to ensuring a smooth and responsible transition for employees, customers and partners.”
