Imagine Communications is assessing a “pretty significant” pipeline of acquisition targets and is likely to announce one or more deals in the coming month, the company’s CEO, Charlie Vogt, told Digital Production ME at IBC.
“I think you will see some acquisitions from Imagine in the next month,” Vogt said.
While the CEO was reluctant to reveal more about the target companies, he said that Imagine is investing across its three main pillars of media management, playout and networking.
Vogt said that the targets would have to fit with Imagine Communication’s “mindset” of software defined IP and cloud-enablement and bring a technology or service that fills a requirement in Imagine’s portfolio.
“I think for companies that want to be part of what Imagine’s vision and strategy is all about, they have to adopt our themes, they have to be a company that comes into our business with a mindset of software defined IP and cloud-enabled.
"They have to be very mobile centric, so these are things that we look for as a 'buy versus build' and can accelerate the time to market. Is the time to market shrinking or we have time? Certainly if we have time we are going to do it ourselves, and if we don’t have time and there is a company that fits that profile we will spend time looking at it.”