Artel Video Systems Acquires Selected Individual Property From ARG ElectroDesign
In addition, Artel has established strategic Board of Advisors
Artel Video Systems, a provider of real-time multimedia delivery solutions, has announced the acquisition of selected intellectual property from ARG ElectroDesign.
The transaction provides Artel with core IP switch technology from the Quarra 1G and 10G IP Switch family. In addition, Artel will take over the Automatic Repeat Query (ARQ) product line, which serves Reliable Internet Streaming Transport (RIST) for video applications.
“As we continue to expand our IP portfolio with organic developments, we also look for key technology partners to support the additional areas of our short- and midterm product roadmap,” says Mike Rizzo, President and CEO of Artel. “Our broadcast, government, and service provider customers are asking us to bring new and innovative products to market to support the IP transition within their workflows. These products will enable us to further enhance our position by providing four new IP-centric products to market immediately.”
In April, Artel announced an exclusive partnership to distribute both product lines in the North American market. As a result of this transaction, Artel will now manufacture and distribute the Quarra and ARQ product lines at its North American headquarters in Westford, MA.
Richard Bell, previous Chief Technology Officer of ARG, has joined Artel on a full-time basis in an engineering leadership role.
In addition to expanding the company’s IP portfolio, Artel will be establishing its relationship with industry partners and growing its distribution channels. Systems integrators, resellers, and distributors are encouraged to schedule meetings at IBC 2017.
The ARG Quarra IP switch will be showcased in the IBC IP Showcase, and Artel will demonstrate the ARG Quarra IP switch and ARQ IP streaming solutions at IBC 2017. Attendees are encouraged to stop by stand 5.A65 to learn more.
Industry Experts Brian Cabeceiras and Eric Pfaff Join Board
In addition, Artel Video Systems has also established a Board of Advisors and welcomes Brian Cab and Eric Pfaff as Advisors.
Brian Cabeceiras brings 36 years of executive leadership experience spanning sales and marketing, systems, strategy, and technology in the media and entertainment technology supplier industry. Prior to joining Artel’s Advisory Board, Brian was Chief Strategy Officer for Imagine Communications and Chief Technology Officer for Harris Broadcast Communications. Brian brings a wealth of “Fortune 500” operational experience to Artel from his career at Sony Broadcast, Tektronix/Grass Valley Group, Seachange International, Leitch Technology and Harris Broadcast-Imagine Communications; and was instrumental in corporate growth with over $1.5B of successful M&A activity.
Eric Pfaff has more than 36 years in executive leadership experience in the media broadcast industry. He has been instrumental in the vision, entrepreneurialism, and application of leading edge innovations in the video transport sector. Prior to joining the Artel Board of Advisors, Eric was co-founder of Beers Enterprises / The Switch, and served as Executive Vice President and Treasurer. He co-founded Beers Associates, a media systems integration solutions company, and served as President. Eric also co-founded and served as a partner in TX Media.
“As technology advances and the uses of multimedia expands beyond the traditional broadcast market, Artel is poised for growth,” said Mike Rizzo, President and CEO, Artel Video Systems. “Brian and Eric have been deeply entrenched in the industry and bring with them the expertise to guide Artel as the company forges a new direction in delivering real-time multimedia to the masses.”
The addition of Brian Cabeceiras and Eric Pfaff to the Board of Advisors is effective immediately.