• Strengthens Audinate's video platform capabilities
• Accelerates vision for interoperable AV control and management
• Aligns with Dante's customer base in key verticals

Audinate Group Ltd has announced the acquisition of Iris Studio Inc, a US-based SaaS remote video production platform. The acquisition will strengthen Audinate's video platform capabilities and accelerate its vision for interoperable control and management of audio-visual (AV) devices. Iris is a control-first platform that enables AV professionals to remotely access, manage and monitor cameras and other devices in real-time, on a manufacturer agnostic basis. The platform is in the early stages of market launch, with initial validation through commercial agreements with 14 leading camera brands. Audinate will invest in the Iris platform to support market development and scale-up initiatives. The transaction includes an upfront cash consideration of US$20 million, with up to US$8 million in contingent cash and equity over three years, tied to revenue and service performance milestones. The acquisition is well-aligned with Dante's customer base across key verticals such as corporate, entertainment, sports, government, houses of worship and higher education. Audinate expects the investment in Iris to contribute materially to free cashflow within three to four years, depending on the pace of market adoption.

Audinate expects the investment in Iris to contribute materially to free cashflow within three to four years, depending on the pace of market adoption.