Evertz Microsystems

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Evertz Microsystems Limited
TypePublic
TSXET
IndustryBroadcast engineering
FoundedScarborough, Ontario (1966)
FounderDieter Evertz, Rose Evertz
HeadquartersBurlington, Ontario, Canada
Area served
Worldwide
Key people
Romolo Magarelli (CEO)
Douglas DeBruin (Chairman)
Rakesh Patel (CTO)
ProductsElectronics
RevenueDecrease CAD$ 436.6 million (2020)
Decrease CAD$ 69.2 million (2020)
Total assetsDecrease CAD$ 443.6 million (2020)
Number of employees
1700
Websiteevertz.com

Evertz Microsystems Limited is a Canadian developer and manufacturer of electronic systems for the broadcast and film industry. Evertz was founded in 1966 as DynaQuip Electron Devices Limited by Dieter and Rose Evertz, specializing in equipment for film timecode and closed captioning. The company was renamed Evertz Microsystems Limited from Evertz Technologies Limited in 1983. In 1997, it was purchased and reorganized by a group of former employees of Leitch Technology (now owned by Harris Corporation).[1]

Evertz held an initial public offering in June 2006 and raised $67 million CAD,[2] listing its stock on the Toronto Stock Exchange. In June, 2011, Evertz announced it would buy back as many as 3.8 million of its 74.47 million outstanding shares.[3]

Evertz acquired router manufacturer Quartz Electronics in 2005[4] and software developer Pharos Communications in 2011.[5] In 2018, Evertz acquired Quintech Electronics & Communication Inc., a manufacturer of RF switching products.[6] On February 9, 2021, Evertz acquired the iconic Studer audio brand from HARMAN International.[7]

Awards[edit]

In 2008, Evertz was awarded the Philo T. Farnsworth Corporate Achievement Award, which is a Primetime Emmy award given by the Academy of Television Arts & Sciences to honor companies which have significantly affected the state of television and broadcast engineering over a long period of time.[8]

In 2016, the National Academy of Television Arts & Sciences (NATAS) awarded Evertz a Technology & Engineering Emmy Award for Live Production Technology Beyond HD to Achieve Non-Interpolated Video for Instant Replay in reference to its DreamCatcher product line.[9] Additionally, in 2019, NATAS awarded Evertz a Technology & Engineering Emmy Award for Pioneering Public Cloud Based linear Media Supply Chains in reference to its Mediator-X, OvertureRT-LIVE, and Render-X products.[10]

References[edit]

  1. ^ "Evertz hopes TSX gives it a profile for growth". Globe and Mail. Retrieved 19 July 2011.
  2. ^ "TV hardware maker Evertz completes $67-million IPO". Globe and Mail. Retrieved 19 July 2011.[dead link]
  3. ^ "Evertz Technologies to buy back 3.8 mln shares". Reuters Inc. Retrieved 19 July 2011.
  4. ^ "Evertz to Acquire Quartz". TV Technology. Archived from the original on 2012-04-01. Retrieved 2019-09-05.
  5. ^ Michael, Grotticelli. "Evertz acquires automation vendor Pharos". Penton Media, Inc. Retrieved 20 July 2011.
  6. ^ "Quintech sold to Canadian company, to remain open". The Indiana Gazette. Retrieved 29 October 2020.
  7. ^ "Evertz Announces Closing of Previously Announced Acquisition of Studer's Strategic Assets". finance.yahoo.com. Retrieved 2021-03-02.
  8. ^ "Evertz Celebrates Philo T. Farnsworth Emmy Award". Business Information Group. Retrieved 20 July 2011.
  9. ^ "THE NATIONAL ACADEMY OF TELEVISION ARTS & SCIENCES ANNOUNCES RECIPIENTS OF THE 68th ANNUAL TECHNOLOGY & ENGINEERING EMMY® AWARDS". National Academy of Television Arts & Sciences. Retrieved 29 October 2020.
  10. ^ "71st Award Recipients - The Emmys". National Academy of Television Arts & Sciences. Retrieved 29 October 2020.