The Vitec Group Acquires Teradek
The Vitec Group plc, parent company of Anton/Bauer, Litepanels, OConnor, and many other brands in the photography, film and digital image-making industries, has acquired California-based Teradek, which will form part of its Vitec Videocom division.
Teradek is a world-leading provider of wireless HD video devices and platforms, which are used in broadcast contribution and distribution, video production, webcasting and digital cinema. All products are designed and manufactured in the U.S.A. and are sold internationally.
Vitec says the acquisition is in line with its strategy to bring forward innovative products and solutions to improve its customers’ operational efficiency. Teradek’s low-cost, easy-to-use solutions sit firmly in the camera peripherals space and contribute to the transmission of exceptional images.
Vitec Videocom CEO Matt Danilowicz commented: “Teradek is a tremendously exciting acquisition for Vitec Videocom. Whether it’s a cinema director seeking an on-set monitoring system, an ENG journalist transmitting breaking news from a challenging environment, or a professional videographer live-streaming his client’s ceremony, class or conference, Teradek’s products will enable us to provide an affordable solution for our customers’ wireless transmission requirements.”
Teradek employs approximately 60 people at its offices in Irvine, Calif. It was founded in 2008 by Nicol Verheem, a former GE engineer. Nicol, who will join the Vitec Videocom Divisional Management Team as part of the acquisition, said: “This represents a major step forward for Teradek, which I believe will expand our reach, fuel our continued growth and enhance our focus on product innovation. We will undoubtedly benefit from the resources and reach of Vitec Videocom and will embrace the opportunity to work alongside some of its other market-leading brands.”
Danilowicz concluded: “As a business, we are strengthened by the power of the brands which operate under the Vitec Videocom umbrella, and [we] are delighted that Teradek will contribute to our unbeatable range of solutions around the camera.”