Live Graphic Systems (LIGR) Announces Majority Acquisition by Crionet Group:

Sydney, Australia, February 23, 2024 – Live Graphic Systems (LIGR), a leading provider of cloud-based broadcast technology, is thrilled to announce its majority acquisition by the Crionet Group, a globally recognized Italian-founded company specializing in innovative solutions and technologies for the Sport and Media Industry.

The acquisition represents a significant milestone for LIGR and its shareholders, allowing them to exit while positioning LIGR for global expansion under the Crionet Group. With a strong global presence and an impressive track record, Crionet brings valuable expertise and connections to the table.

Key Highlights:

1. Strategic Partnership: The Crionet Group’s acquisition of LIGR solidifies a strategic partnership that combines LIGR’s cutting-edge broadcast technology with Crionet’s global reach.
2. World-Class Sports Tech: By joining forces, LIGR and Crionet will offer clients a new world-class suite of sports technology solutions. From live graphics to data analytics, this collaboration promises to revolutionize the industry.
3. Continuity and Growth: LIGR’s existing team and brand will remain intact, ensuring continuity and seamless integration. The combined expertise of both companies will drive further growth and innovation.
4. Thank You: Luke McCoy, CEO and Co-Founder of LIGR, expressed gratitude to customers, shareholders, and past and present employees. “This exciting journey is just the beginning,” McCoy said. “We look forward to expanding our global presence alongside Crionet.”

About Live Graphic Systems (LIGR)

LIGR is a pioneer in cloud-based broadcast tools, providing real-time graphics solutions for sports events, live streams, and media broadcasts. With a focus on simplicity and innovation, LIGR empowers broadcasters, leagues, and teams to enhance their visual storytelling.

About Crionet Group

Crionet Group, headquartered in Italy, has a rich history of delivering cutting-edge solutions to the sports and media industry. Their global footprint and commitment to excellence make them an ideal partner for LIGR’s next phase of growth.

‍

‍