ChyronHego to be acquired by private equity firm
ChyronHego announced today it will be acquired by private equity firm Vector Capital. The news follows the recent acquisition of Vizrt by Nordic Capital.
“We are pleased to have reached this agreement with Vector, which provides significant value to our stockholders. The disinterested directors of the Board believe that this transaction will provide ChyronHego with the flexibility to innovate and execute our vision for the benefit of all constituencies,” said Roger Ogden, the Chairman of the Special Committee of the ChyronHego Board of Directors.
Vector Capital works mainly with technology oriented companies, which could give ChyronHego an advantage.
“We are very happy to announce this partnership with Vector Capital, an established global technology oriented private equity firm that is focused on building long-term value. Our management is convinced that this is the right opportunity at the right time for ChyronHego’s customers, employees and stockholders,” said Johan Apel, ChyronHego President & CEO.