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