Vitec Group Acquires Wireless-HD Provider Teradek
The Vitec Group has acquired, Teradek, a provider of wireless HD video devices and platforms used in broadcast contribution and distribution, video production, Webcasting, and digital cinema. All products are designed and manufactured in the U.S. and are sold internationally.
Vitec says the acquisition is in line with Vitec Videocom’s strategy to bring forward innovative products and solutions that 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 will promote and sell Teradek’s products and solutions to its wider client base.
Vitec Videocom CEO Matt Danilowicz says 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,” he says.
Teradek employs approximately 60 people at its offices in Irvine, CA. It was founded in 2008 by Nicol Verheem, a former GE engineer. Verheem, who will join the Vitec Videocom Divisional Management Team as part of the acquisition, says, “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.”