Evertz Technologies is a Canadian developer and manufacturer of electronic systems for the broadcast

Broadcasting

Broadcasting is the distribution of audio and video content to a dispersed audience via any audio visual medium. Receiving parties may include the general public or a relatively large subset of thereof...

 and film industry

Film industry

The film industry consists of the technological and commercial institutions of filmmaking: i.e. film production companies, film studios, cinematography, film production, screenwriting, pre-production, post production, film festivals, distribution; and actors, film directors and other film crew...

. Evertz was originally founded in 1966 as DynaQuip Electron Devices Limited by Dieter and Rose Evertz, specializing in equipment for film timecode and closed captioning

Closed captioning

Closed captioning is the process of displaying text on a television, video screen or other visual display to provide additional or interpretive information to individuals who wish to access it...

. The company was renamed Evertz Microsystems Limited in 1983, then purchased and reorganized in 1997 by a group of former employees of Leitch Technology

Leitch Technology

Leitch Technology Corporation was a Canadian corporation based in Toronto, Ontario specializing in the design and manufacture of equipment for the broadcast television and video post-production industries....

 (now owned by Harris Corporation

Harris Corporation

Harris Corporation is a Florida-based international communications equipment company that produces wireless equipment, electronic systems, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors. It is also the largest private-sector employer in...

).

Evertz held an initial public offering

Initial public offering

An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...

 in June of 2006 and raised $67 million CAD, listing its stock on the Toronto Stock Exchange

Toronto Stock Exchange

Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...

. In June, 2011, Evertz announced it would buy back

Share repurchase

Stock repurchase is the reacquisition by a company of its own stock. In some countries, including the U.S. and the UK, a corporation can repurchase its own stock by distributing cash to existing shareholders in exchange for a fraction of the company's outstanding equity; that is, cash is exchanged...

 as many as 3.8 million of its 74.47 million outstanding shares.

In 2008, Evertz was awarded the Philo T. Farnsworth Corporate Achievement Award

Philo T. Farnsworth Corporate Achievement Award

The Philo T. Farnsworth Corporate Achievement Award is a Primetime Emmy engineering award given to honor companies who have significantly affected the state of television and broadcast engineering over a long period of time...

, which is a Primetime Emmy award given by the Academy of Television Arts & Sciences to honor companies which have significantly affected the state of television and broadcast engineering over a long period of time.

Evertz acquired router manufacturer Quartz Electronics in 2005 and software developer Pharos Communications in 2011.