News Column

Germany : EYEVIS takes majority stake in STiNO MEDIA AG

August 7, 2014

German manufacturer of digital signage display and video wall solutions eyevis has bought a majority interest in global digital signage software solution provider STiNO Media AG, and   together with sister company Stinova Ltd.   will be transformed into the new STiNO eyevis GmbH, the company declared. 

With the purchase, eyevis and STiNO will bring together their resources in development and sales to offer complete, high-quality hardware and software solutions to the digital signage sector, the company said.

"STiNO Media AG offers very innovative software solutions for the operation of digital signage networks and the communication with interactive digital commercial displays. Those displays can be perfectly combined with our display solutions," eyevis CEO Heiko Schaich said in the announcement. "Since eyevis wants to strengthen its competencies in the growing digital signage market, we integrated STiNO into our company group. Together ... we will be able to offer high-quality complete solutions for digital signage applications in the future."

The purchase of the majority stake of STiNO Media AG is another move in the growth strategy of eyevis GmbH with the aim, it said, of becoming "the leading full-service provider of display and video wall systems for the areas of control rooms, presentation and information, broadcast as well as virtual reality and simulation worldwide." Already in February of this year, eyevis purchased the company Teracue from Odelzhausen, Bavaria.

With the majority takeover of StiNO by eyevis, the brand, name and patent rights as well as all employees and the management will remain as before, the declaration said. "In this way, customers of STiNO can be sure that the expertise of the company will be preserved and further developed," Schaich said.  

"The acquisition is a win-win-situation for both companies," Franz Hintermayr, founder and associate of STiNO Media AG and new managing director of STiNO eyevis GmbH, said in the announcement. "Eyevis provides us with new resources that help us to increase our sales activities and in this way better draw on our existing business potential nationally and internationally. Conversely, eyevis will be able to extend its product portfolio in the digital signage sector due to our support and offer complete packages of coordinated hardware and software solutions."

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Source: TendersInfo (India)

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