Orad Hi-Tec Systems
VideoGraphic Solutions
Company Overview
Snapshot
Founded in May 1993 by Avi Sharir, Orad Hi-Tec Systems operated with 1–10 employees. The company raised $6.6 million across one funding round with investor Viola Growth. A significant milestone for the company was its acquisition by Avid Technology in April 2015.
Business overview
Orad Hi-Tec Systems was a global leader in providing real-time 3D broadcast graphics, video servers, and media asset management solutions. The company's technology served various applications including news, channel branding, sports production and enhancement, elections and special events, virtual studios, and virtual advertisement. Orad's solutions were adopted by major broadcasters worldwide, operating within the Media & Entertainment Technologies sector.
Strategic signal
In April 2015, Orad Hi-Tec Systems was acquired by Avid Technology. This acquisition marked a significant consolidation in the media technology landscape, integrating Orad's specialized graphics and video solutions into a larger industry player. The event signaled a strategic move by Avid Technology to enhance its offerings in broadcast graphics and media management, demonstrating the value and demand for advanced real-time video graphic solutions in the market.
Log in to access full profile ›Company Intelligence Q&A
- When was Orad Hi-Tec Systems founded and by whom?
- Orad Hi-Tec Systems was founded in May 1993 by Avi Sharir.
- What was a key strategic development for Orad Hi-Tec Systems?
- In April 2015, Orad Hi-Tec Systems was acquired by Avid Technology, leading to its inactive status.
- What type of solutions did Orad Hi-Tec Systems provide?
- Orad Hi-Tec Systems provided real-time 3D broadcast graphics, video servers, and media asset management solutions for various applications including news, sports, and virtual studios.
- Which investor participated in a funding round for Orad Hi-Tec Systems?
- In March 2010, Viola Growth participated in a funding round for Orad Hi-Tec Systems.
- Which broadcasters adopted Orad Hi-Tec Systems' solutions?
- Orad's solutions were widely adopted by leading broadcasters worldwide, including RTL, MSNBC, ESPN, TF1, TV Globo, CCTV, Channel 4, HBO, Canal+, and Turner.