ChyronHego (NASDAQ: CHYR) said it has reached a definitive agreement to acquire WeatherOne AS, a privately held a provider of weather forecast solutions for broadcast and digital media headquartered in Oslo, Norway.
Under the agreement, ChyronHego will acquire WeatherOne and its Metacast technology, a comprehensive solution that includes a high-performance, live-to-air weather graphics and broadcast production system, and a complete weather and climate data managing service.
“We are committed to providing our customers with top-tier solutions that create a complete end-to-end broadcast graphics workflow,” said Johan Apel, president and chief executive officer at ChyronHego. “This acquisition will open a new market segment for us while bridging a general gap in news production workflow. WeatherOne is an expert in the weather space and we are confident that this decision will deliver great benefits for customers, employees and shareholders alike.”
WeatherOne, formerly a subsidiary of Metaphor, is a broadcast industry solutions company providing tailored, cutting edge information technology solutions and graphics services to the television broadcast and convergence media market.
ChyronHego is a leader in broadcast graphics creation, playout and real-time data visualization with a wide range of products and services for live television, news and sports production. Its website is at www.chyronhego.com.