Net Insight AB

Net Insight acquires US software company ScheduALL - Seite 2

Net Insight acquires 100% of the shares in ScheduALL, for USD 14 m on a cash and debt free basis. The acquisition price will be paid in cash at closing and will be adjusted for the actual level of debt, working capital and cash. The payment will be funded by using available cash.

Transactional costs of an estimated SEK 5 m will affect Net Insight's third and fourth quarter results of 2015. The transaction is expected to close on October 1, from which date ScheduALL will be fully consolidated. The transaction is expected to have a positive impact on earnings per share from January 1, 2016.

Invitation to Webcast and phone conference
Net Insight holds a webcast to present further information about the acquisition of ScheduALL. The webcast teleconference will take place on September 3rd at 15.00 CET/09.00 EST US.  Participating from Net Insight will be Fredrik Tumegård, CEO, and Thomas Bergström, CFO.

Teleconference: The conference call is mainly targeted to analysts, institutional investors and media. To participate in the Q&A session, please call one of the following numbers:

SE: [phone]

UK: [phone]  

US: [phone]

For further information, please contact:
Fredrik Tumegård, CEO of Net Insight, [phone], [e-mail]
Thomas Bergström, CFO of Net Insight, [phone], [e-mail]

Net Insight AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on September 2, 2015 at 19.00 CET.

About Net Insight

Net Insight's vision is to enable a live and interactive media experience for anyone on earth. Net Insight delivers media transport solutions that empower broadcasters, content owners and network service providers to activate their audiences by providing a quality-of-experience worth paying for, live and local content that's part of their world and interactive experiences they want to be part of.

The company's solutions enable live, interactive and on-demand media transport, with operational simplicity, to let customers focus on delivering the best possible experience to their audiences. Net Insight's strength lies in enabling lossless video transport at any scale, from live contribution via the Internet, to ultra-high-definition distribution in managed media networks spanning the globe.