Riedel adds Code One to portfolio9 October 2013
Riedel Communications has acquired Düsseldorf-based mobile streaming company Code One. The developer of solutions for video streaming over wide area networks, will bring Riedel a range of WAN-focused solutions as well as technology for distributing video, audio and data via mobile networks.
"In order to guarantee further expansion of our company, we needed a partner with the capacity to support our portfolio in a competent and future-proofed manner," said Code One CEO Sven Hanten. "Riedel Communications is an experienced company that offers a positive business environment, including a firmly established presence in key markets and a strong financial position, that will fuel our ongoing and future development of innovative solutions."
The company’s video streaming technology aims to assist broadcasters and other content producers to achieve greater mobility in live production environments. Its application-oriented products allow users to distribute live content anywhere, at any time.
"Code One complements our portfolio perfectly," commented Thomas Riedel, CEO of Riedel Communications. "This young company’s key areas of expertise, such as mobile streaming and innovative solutions for data transmission, offer Riedel unique technology that we can use to elevate our solutions to a new level."