The Vitec Group acquires Teradek30 August 2013
Teradek, the California-based provider of wireless HD video devices and platforms, has been acquired by The Vitec Group, the company announced this week. Teradek will form part of its Vitec Videocom division.
Teradek’s products are used in broadcast contribution and distribution, video production, webcasting and digital cinema, and as a result of the acquisition Vitec Videocom will promote and sell Teradek’s products and solutions to its wider client-base.
“Teradek is a tremendously exciting acquisition for Vitec Videocom,” said Vitec Videocom CEO Matt Danilowicz. “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 around 60 people at its Irvine, California offices and was founded in 2008 by Nicol Verheem. Verheem, who will join the Vitec Videocom Divisional Management Team as part of the acquisition, commented: “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 are delighted that Teradek will contribute to our unbeatable range of solutions around the camera.”