Press Release: STRATACACHE Announces Acquisition of X2O Media
STRATACACHE has acquired Montréal based X2O Media from Barco. As the global market leader in digital consumer engagement and digital signage, STRATACACHE offers enhanced focus and new growth opportunities for X2O.
After its acquisition in 2014, X2O became part of Barco's Enterprise division, which focuses on solutions for meeting and control rooms. Over the years, X2O secured top tier customers including John Deere, Verizon, and Fox News. All customer agreements will continue to be managed by X2O to ensure world class support and service for current customers. X2O Media employs about 45 people and will continue to operate from Montréal, Canada.
"With the acquisition of X2O Media, we will expand our portfolio with a complete solution for dynamic content display based on real-time data, plus add great new tools in the E-learning and broadcast markets. The X2O software platform versatility and its capability to address any display—be it fixed or mobile—will prove to be an important asset. This complementary technology will help us to further build on our core competencies in the ever-expanding digital display and data visualization marketplace." - Chris Riegel, CEO, STRATACACHE
"The X2O acquisition is a perfect example of the aggressive long-term growth strategy of the STRATACACHE Group. Working actively on over 400 deals per year, we are at the forefront of a long-awaited industry consolidation. Our investment strategy is to help unlock the potential in emerging digital media companies to grow faster." - Dirk Huelsermann, Managing Partner, STRATACACHE Capital
ABOUT STRATACACHE & CARMANAH SIGNS
STRATACACHE provides scalable customer experiences, empowering retailers to learn deeply about their customers' shopping preferences and behaviors, allowing for personalized shopper interaction. STRATACACHE’s solutions deliver consumer activation at the point-of-decision, generating new sales opportunities and enhanced retail profitability.
Carmanah Signs, STRATACACHE’s Lottery & Gaming Division, provides everything from digital signage software and hardware (media players, screens, tablets, networking equipment, and jackpot signs) to services (content creation, scheduling and distribution, network monitoring, and technical support).
Together, STRATACACHE and Carmanah Signs have over 2.1 million digital media devices and 140,000 wireless jackpot signs at retailers around the world, serving 50+ lottery customers on four continents. As an associate member of five global lottery associations, and an ongoing sponsor and content contributor to numerous Lottery Industry events, Carmanah Signs is the only digital signage provider committed to the Lottery Industry at this level.