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Slide #16. ChyronHego — Majority Stake in Norway's ZXY Sport Tracking AS
Majority Stake in Norway's ZXY Sport Tracking AS
ChyronHego (NASDAQ: CHYR) today announced that the company has signed a contract to acquire the majority stake in ZXY Sport Tracking AS, a Norwegian-based provider of industry-leading sports tracking solutions. Upon completion of the acquisition, ChyronHego will expand its award-winning TRACAB player tracking product portfolio with ZXY's cutting-edge transponder technology.
ChyronHego is a provider of broadcast graphics creation, playout and data visualization. Co.'s graphics offerings include hosted services for graphics creation and order management, on-air graphics systems, clip servers, social media and second screen applications, channel branding, graphics asset management, touch graphics, telestration, virtual placement and player tracking. With solutions such as the Axis World Graphics online content creation and order management system, the TRACAB image tracking system, and Paint, its sports production telestrator and analysis tool, Co. provides graphics solutions and services to the personnel who create, manage and distribute media content.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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