Francisco Partners has completed the closing process with Technicolor and finalized the acquisition of the Grass Valley Broadcast & Professional business. As of January 1 2011 Grass Valley began doing business as an independent company under the trade name Grass Valley. Terms of the sale include 100 percent ownership of the current Grass Valley Broadcast & Professional business. This includes the camera content repurposing editing master control modular news production production automation production switchers routing and video servers product lines including their entire product portfolios the R&D centers and factories around the world the sales and systems activities and customer support organization worldwide as well as the management and administrative support functions dedicated to the business. To help customers and technology partners to understand the specifics of the acquisition Grass Valley has established a special website (www.grassvalley.com/greenergrass) with the latest most accurate and complete information.