GSBC US$20 Mil Acquisition Of Digital Signage Co
GSBC Announces the US$ 20 Million Dollar Acquisition of Largest Digital Signage Software Developer in Australasia, Wallflower Global
GSBC has acquired Wallflower in a US$ 20 Million dollar buyout. Wallflower will become GSBC Wallflower. A Dynamic Digital Signage specialist from a standing start four years ago, Auckland based Wallflower has become the largest supplier of DDS in Australia and New Zealand.
Bangkok, Thailand (PRWeb) January 31, 2007 – Ronald Flynn, founder of Global Satellite Broadcasting Corporation (GSBC) and Tony Scott, CEO of Wallflower Global announced today that GSBC has acquired Wallflower in a US$ 20 million dollar buyout. Wallflower will become GSBC Wallflower.
A Dynamic Digital Signage specialist from a standing start four years ago Wallflower has become the largest supplier of DDS in Australia and New Zealand. Paragon International Placements Ltd advised GSBC on the acquisition. A delighted Flynn said, “We are thrilled to acquire the business not just because of its dynamic user friendly technology but also Wallflower has a huge footprint in Australia and New Zealand.
Flynn also said, “The people at Wallflower are terrific and Tony Scott will be staying on board as the CTO and President for the newly named GSBC Wallflower."
Selling through an international network of distributors and resellers, Wallflower has become the software package of choice for many international blue chip companies such as Vodafone, Telstra, Sky City and Australia’s largest Casinos. Wallflower is already supplying interactive kiosks for Mazda.
Wallflower will be announcing a roll out of kiosks for one of the world’s larges sporting goods companies.
Tony Scott said, “It’s a terrific opportunity for Wallflower to accelerate its international roll out with GSBC and the SmartScreen technology. It’s a great fit."
Scott continued “We bring to GSBC extensive experience in all aspects of Dynamic Digital Signage software. Our R&D team will provide GSBC additional depth and pioneering areas of DDS such as Advanced Analytics, Facial Recognition Analytics and new methods of media deployment."
Flynn said “GSBC Wallflower is uniquely placed having an extensive sales network established to market our full range of products throughout Australasia and beyond."