Barco sells Canadian company X20 Media to Stratacache

Powered by X20 Media, Stratacache will be able to develop new skills in the display and digital signage market. An acquisition that reflects the company's long-term growth strategy.

Stratacache has bought the Canadian X20 Media, company that was part of the Enterprise division of Barco since the acquired in 2014. X20 Media focuses its activity on the development of solutions for meeting and control rooms and has clients such as John Deere in its portfolio., Verizon, Fox News o Accenture.

“With the acquisition of X20 Media, We will expand our portfolio with a complete solution for dynamic content visualization based on real-time data, in addition to adding new tools for the e-learning and broadcast markets. The versatility of its software platform and ability to address any screen, whether fixed or mobile, will be an important asset. “This complementary technology will help us develop our competencies in the ever-expanding display market.”, comment , explica Chris Riegel, Stratacache CEO.

Stratacache will offer a new approach and business opportunities for the company it just acquired. X20 Media will continue to manage all customer agreements to ensure support and service. With a template of 45 personas, will continue to operate from Montreal (Canada). At the moment, The company reports annual sales of 5 million euros with an EBITDA close to the break-even point.

“The acquisition of X20 is a perfect example of Stratacache Group's long-term growth strategy. Actively working on more than 400 agreements per year, we are at the forefront of a long-awaited industry consolidation. “Our investment strategy is to help unlock the potential of emerging digital media companies to grow faster.”, the brilliant Dirk Huelsermann, managing partner de Stratacache.

“The decision to divest from X2O Media follows an evaluation of its profitability and growth opportunities. How digital signage is no longer a strategic focus for Barco, estamos convencidos de que la venta de X20 a un jugador importante como Stratacache proporcionará a la empresa el enfoque y los contactos que necesita para alcanzar el siguiente nivel de escala global y de éxito”, explica Jan De Witte, CEO de Barco.