Christie Digital Systems and Vista PHX have announced an agreement in principle to sell the Christie broadcast and professional video business to Vista PHX, a new corporation created by former Vista Systems owners, Clark Williams and Jeff Wilson. The transaction is expected to close by the end of February.
Continuing to operate in Phoenix, Arizona, newly formed Vista PHX, will acquire the Christie intellectual property and essential operational infrastructure for the Spyder, Terra, Phoenix, and Mastering Gateway product lines.
This transition will bring these video processing platforms back to their roots, where the products were originally developed and manufactured.
In particular, the transaction will help secure the future of the Spyder brand, a benchmark for uncompromising performance in live events, broadcast, and high-end installations worldwide. The Phoenix-branded distributed content management system, Terra SDVoE platform, and Mastering Gateway Series further reinforce Vista PHX’s capabilities in delivering end-to-end mission-critical video processing systems.