eyevis acquires IPTV specialist Teracue20 February 2014
eyevis, manufacturer of visual display and video wall solutions, has acquired IPTV systems manufacturer Teracue AG at Odelzhausen near Munich.
The Reutlingen-based eyevis GmbH is taking over all brands, names and patent rights, as well as staff and management of Teracue, and is transferring them into the new Teracue eyevis GmbH. "By that, Teracue’s customers can be assured that the company’s expertise will be maintained in the future and will be further expanded," explains Michael W. Nagel, eyevis CEO.
The first joint products of the merger were presented at this year’s Integrated Systems Europe in Amsterdam in early February along with eyevis’ eyeCON MetaWall 2.0 solution.
"The acquisition is a win-win situation for both companies," continues Nagel. “With the increasing demand on high-quality streaming systems, together with Teracue we are offering unique solutions in the areas of control room, presentation and information, and broadcast from one source. Teracue will benefit from our large international sales network, which will significantly expand their existing sales channels. Through this acquisition eyevis will expand its expertise in streaming solutions as well as signal transmission over standard IP systems. Our customers will benefit from our strengthened position as a comprehensive provider of intelligent solutions for networking and visualisation."
“We are excited about the integration into a larger corporate environment and the enhanced possibilities for further development and greater international sales opportunities. That will enable further growth and hence will sustainably secure our expertise and our jobs," say Wolfgang Schmiegelt and Karl-Heinz Wenisch from the former board of management of Teracue AG, now managing directors of the new Teracue eyevis GmbH.