Fabric and Xytech Systems Announce Strategic Merger
Combined entity to set new standards in the industry by offering a comprehensive platform that meets evolving needs of today’s data-driven organizations
August 29, 2024 – Los Angeles, CA – Xytech Systems, a leader in media resource management, and Fabric, a pioneer in media supply chain and metadata management solutions, announced today their strategic merger, creating the most broad-based solution on the market for resource and data management in the media and broadcast industry. This landmark union is set to redefine how media organizations manage, distribute, and monetize their content. The new entity will be led by Fabric CEO, Rob Delf. Xytech’s current CEO, John O’Connor will become Chief Operating Officer.
Xytech Systems is known for its comprehensive media resource management solutions including asset management, localization, formatting, packaging and transmission services. At the same time, Fabric has built a reputation for cutting-edge metadata and supply chain management tools that ensure a single source of truth to turbocharge distribution, monetization and engagement. By integrating their technologies and expertise, the new entity will deliver innovation and efficiencies to media organizations in producing, managing, and distributing their content.
“Through the merger of our two organizations, we’re not just combining our strengths; we’re unlocking a new era of innovation in the media supply chain,” said Rob Delf, CEO of Fabric. “Xytech brings a wealth of irreplaceable industry specific functionality while Fabric brings a modern software approach to solving supply chain problems. Our customers will benefit from an integrated platform that not only delivers superior performance and reliability but also drives operational efficiency and significant cost savings driven by modern, data-driven architecture, setting a new standard for the industry’s future.”
The merger is set to deliver substantial customer value by reducing time spent on media management tasks. The combined solution will feature greater automation and data handling, allowing organizations to quickly access and manage their data and resources with minimal manual intervention. This efficiency translates into faster decision-making and a more agile response to market demands.
“Fabric’s award-winning media supply chain and metadata management solutions complement Xytech Systems’ powerful resource management tools perfectly,” said John O’Connor, CEO of Xytech Systems. “Together, we’ll provide our customers with powerful tools that simplify their workflows and accelerate their business processes.”
“We are excited about the transformative merger between Xytech and Fabric, a partnership poised to redefine the standards in media resource and data management,” said Kenneth Frank, Partner at Banneker Partners, the investor supporting the growth of the combined entity. “By uniting their strengths, we are merging mission-critical technologies with the industry’s leading management team to pave the way for the innovation that Xytech and Fabric customers need for the future. This isn’t just about combining companies; it’s about creating an exceptional, data-driven, and future-focused media and entertainment platform.
About Xytech Systems
Xytech Systems is a global leader in media management and workflow solutions. It provides technology that empowers broadcasters, studios, and media organizations to efficiently manage and deliver high-quality content. With a focus on innovation and reliability, Xytech Systems delivers solutions that streamline operations for production teams worldwide.
About Fabric
Fabric provides the entertainment industry with the world’s best data solutions, helping them connect people with the content they love. Fabric’s software enables customers to store identification, editorial, technical, discovery and AI-generated content metadata and provides a unique front-end to modern media supply chains. This makes data from previously disparate systems accessible to business users through a beautiful single application for review, curation and reporting.
About Banneker Partners
Founded in 2016, Banneker is dedicated to empowering management teams on their journey to build exceptional software companies. Banneker drives value by enabling companies to build around the customers’ value chain and ecosystem through organic growth, strategic M&A, and hands-on operational improvement. We seek to establish operational excellence by infusing product management rigor, investing in product development, and cultivating great sales and marketing teams to create companies with product suites of scale and importance that better serve the customers and industries we operate in.
For more information about the merger and the new offerings, please visit www.xytechsystems.com or www.fabricdata.com.
