Lumine Group acquires Wiztivi

Company

Constellation Software, Inc

Law Firm / Organization
Hogan Lovells
On December 13, 2022, Lumine Group Inc., a subsidiary of Constellation Software Inc. (TSX:CSU), has acquired Wiztivi, a frontrunner in user experiences, video applications, and cloud gaming solutions across various screens, from SFR. Post-acquisition, Wiztivi will function as an independent business unit under Lumine. This move bolsters Lumine’s foothold in the content & media software industry. Since its inception in 2007, Wiztivi has been entrusted by top communications providers, broadcasters, and media corporations to deliver impeccable video and gaming sessions on any connected gadget. The Streamava service for Cloud gaming lets providers swiftly introduce console and PC games to any device, fully integrating with its user experience. The Wiztivi Framework empowers providers to promptly launch a universal code to any device, facilitating speedy innovation and synchronized release across all platforms. To date, Wiztivi has rolled out over 300 groundbreaking services for prominent media & service providers globally. David Sharpley, Lumine's Group Leader, expressed his enthusiasm over Wiztivi joining Lumine’s expanding content and media division. He emphasized the acquisition not only augments Lumine’s prowess in UI/UX design but also paves the way into the booming cloud gaming solutions market. Wiztivi's clientele, partners, and workforce are heartily welcomed to Lumine.
Merger & Acquisition
Tech/Computer/IT
$ 49,500,000
Closed
13 December 2022