Lumine Group Completes the Purchase of Vidispine

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TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- Lumine Group Inc. (“Lumine Group”) today announced the completion of the purchase of the Vidispine brand and business assets (“Vidispine”) from Arvato Systems, a subsidiary of Bertelsmann SE & Co. KGaA.

About Lumine Group
Lumine Group (TSXV: LMN) acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. Learn more at www.luminegroup.com.

About Vidispine
Vidispine enables media companies to focus on their core business by providing seamless access to technology tailored to their needs. Its solutions help customers maximize the value of their assets, rights, media inventory, and market opportunities. Learn more at www.vidispine.com.

About Arvato Systems

Arvato Systems is an international IT specialist that supports major companies in Digital Transformation. We stand for strong industry knowledge, in-depth technology expertise and a clear focus on customer requirements. Working as a team, we develop innovative IT solutions, transition our clients into the Cloud, integrate digital processes, and take on IT systems operation and support. As part of Bertelsmann, we are built on the solid foundations of a German global corporation. Learn more at arvato-systems.com

Media Relations Contact
Erini Andriopoulos
Senior Director of Marketing & Communications, Lumine Group
+1-437-353-4910
[email protected]

Forward Looking Statements
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual events to be materially different from any future events expressed or implied by such forward looking statements. Words such as “may”, “will”, “expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and other similar terminology are intended to identify forward looking statements. Forward looking statements in this press release include Lumine Group’s intentions vis-a-vis its acquisition of Vidispine from Arvato Systems. Such forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future results, and will not necessarily be accurate indications of whether or not such results will be achieved, or when such results will be achieved. Although the Company believes that the assumptions and expectations reflected in such forward looking statements are reasonable, undue reliance should not be placed on forward looking statements because the Company can give no assurance that such statements will prove to be correct. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and are made as of the date hereof and Lumine Group assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.