Eyevis takes over IPTV service provider Teracue
Jörn Krieger | 19-02-2014
Eyevis, a German manufacturer of visual display and video wall solutions, has acquired Teracue, a German provider of hardware and software products for IPTV solutions and video networking.
The service provider based in Odelzhausen near Munich has been transferred with all rights regarding trademarks, names and patents as well as all employees into the new company Teracue Eyevis.
Through the takeover, the financial details of which have not been disclosed, Eyevis and Teracue intend to combine their strengths and resources in product development and distribution and set new trends in professional streaming solutions.
"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," said Wolfgang Schmiegelt and Karl-Heinz Wenisch, the former heads of Teracue and now managing directors of Teracue Eyevis.
"With the increasing demand for high quality streaming systems, together with Teracue we are offering unique solutions in the areas of control room, presentation, information and broadcast from one source," said Michael W Nagel, CEO of Eyevis. "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."