Audinate to acquire Iris Studio Inc
| Stock | Audinate Group Ltd (AD8.ASX) |
|---|---|
| Release Time | 25 Jun 2025, 4:36 p.m. |
| Price Sensitive | Yes |
Audinate to acquire Iris Studio Inc, a leading cloud-based remote video production platform
- Strengthens Audinate's video platform capabilities and accelerates the company's vision for interoperable control and management of audio-visual devices
- Improves Audinate's position in two key growth segments (video and control) and strongly aligns with Dante's existing customer base
- Iris is a control-first video production SaaS platform with significant longer-term opportunities in cloud-based management and control
Audinate Group Limited (ASX:AD8), developer of the industry-leading Dante® media networking platform, has entered into a binding agreement to acquire Iris Studio Inc, a US-based leader in AI-powered, cloud-based camera control technology, for total consideration of up to US$28 million. The acquisition significantly enhances Audinate's position in video and aligns closely with its broader vision for interoperable control and management of AV-over-IP solutions across a wide range of audio-visual devices. As a control-first video production platform, Iris allows users to remotely access, manage and monitor cameras and other devices on a manufacturer-agnostic basis, in real-time, through a simple, web browser-based user interface. By combining Iris's advanced features like remote PTZ control, AI auto-tracking, color correction, and cloud recording with the capabilities of Dante Studio, AV professionals can deliver more flexible, efficient, and intelligent audio-visual experiences. Integration of Iris's real-time remote troubleshooting and monitoring features with Dante Director (Audinate's cloud-based control and management platform) will support Audinate's goal of offering a fully connected AV control experience that is simple, flexible and scalable. Beyond cameras, the Iris platform software is applicable to a wide range of AV products including encoders, decoders, and vision mixers. The transaction is expected to be completed in mid-July 2025, subject to standard corporate closing conditions.
Audinate currently expects a material contribution to free cashflow from the investment in Iris within three to four years.