Miranda Technologies, a division of US multinational Belden Inc, has acquired Softel, a captioning, subtitling, audio and video description and interactivity company, based in Pangbourne, Berkshire. Initium advised the vendors on the transaction.

Softel provides the Swift line of subtitling and captioning software products, and offers television systems that increase efficiency and add revenue stream opportunities. The company’s customer list includes some of the biggest names in the media sector, including ABC/Disney, the BBC, Deluxe, ESPN, Sky, and Technicolor. The company also has offices in New Zealand and in the US.

“It was clear from the outset that we had done the right thing in choosing Initium” – Sam Pemberton, Softel

As a Belden brand, Miranda Technologies is a specialist provider of integrated solutions for production, playout and delivery systems for TV broadcasters and multi-system operators.

Sam Pemberton, Chief Executive Officer of Softel said: “Selling a business is never easy, especially one for which I care very deeply. Being aligned with Miranda in the Belden family extends our reach into potential new markets and being part of this team allows us to focus on continuous innovation.”

Analysing Initium’s advisory role in the transaction, Sam Pemberton commented: “We didn’t think that in an industry like ours that you would be able to identify a large number of potential purchasers. The research team certainly lived up to their reputation and the process did create a competitive environment around the business. It was clear from the outset that we had done the right thing in choosing you.”

The transaction is further evidence of our long-established ability to engage and transact with major international acquirers of behalf of its clients. Listed on the NYSE, and headquartered in St Louis, Missouri, Belden Inc employs over 8,000 people and specialises in end-to-end signal transmission solutions for a variety of markets, including industrial, enterprise, and broadcast.