Startup Roundup
US firm acquires Israeli TV tech pioneer Orad Hi-Tec for $60M
Israeli video pioneer and Emmy Award-winning firm Orad Hi-Tec is set to be acquired by US video production giant Avid Technology for about $60 million. The Israeli video tech firm will join Avid as part of its new Israeli research and development facility, which the US firm is in the midst of setting up. Among the video “tricks” Orad has pioneered virtual sets, slow motion replay and production servers, channel-in-a-box, sports enhancement tools, virtual advertising and cloud-based live production. Learn more.