San Francisco, Calif., September 08, 2011 — In a move to improve the way that live production is produced, Grass Valley USA, LLC, the premier video technology solutions company, today announced that Grass Valley Australia Pty Ltd, its affiliate in Australia, has acquired Evolution Pty Ltd., a small, privately-held technology company based in Sydney, Australia that specializes in touchscreen driven live production workflow solutions. Terms of the acquisition are not being disclosed.

Evolution, founded in 2008, has been a long time partner of Grass Valley. The companies worked together to deliver the K2 Dyno™ Production Assistant (Dyno PA) product to market.

Evolution's award-winning technology enables a new way of producing live events, to move the mid- and lower-end live production markets forward in capabilities. The company's strategy has been to simplify production workflows through the smart use of technology and intuitive user interfaces, and bring about innovation, thereby delivering solutions to real-world live production challenges.

"This acquisition is a strategic move for Grass Valley, solidifying its position as an innovator and a company that brings incredible focus to meeting the needs of its customers and the market," said Alain Andreoli, CEO and President of Grass Valley. "This is the first of many crucial investments that we will make as part of the transformation of Grass Valley as we continue to build on our solid market leadership position."

"With this deal, Evolution brings its experience and IP within Grass Valley and will become a catalyst to deliver the forward-looking technology solutions demanded by the increasingly sophisticated live production market" said David Sabine, Executive Director for Evolution. "We are thrilled to join such an industry leader as Grass Valley."

"Evolution has proven itself to be a great innovator and a company that brings a high level of expertise to the live production market," said Scott Murray, Senior Vice President, Live Production Solutions for Grass Valley. "They are unique in their approach in terms of design and innovation, which results in superior technology."

###

About Grass Valley – the Premier Video Technology Solutions Company

With a rich history serving the broadcast and professional video industries, the Grass Valley name is synonymous with innovation, leadership, and performance. With a full range of products and services supporting many of the world's most high-profile television events, Grass Valley offers the most comprehensive portfolio of flexible and cost-effective digital technologies and systems available. Customers deploying Grass Valley solutions include most of the world's leading broadcast and teleproduction facilities, independent video professionals, as well as emerging content creators and distributors providing broadband, telecommunications, and transmission services. When you're watching news, sports, or entertainment programming, whether on a TV, the Web, or a mobile phone, you're watching Grass Valley at work.

For information about Grass Valley products, please visit: www.grassvalley.com