Eyevis buys IPTV provider Teracue
Eyevis, manufacturer of displays and videowall products has announced its acquisition of the Bavarian IPTV & video-networking company Teracue. Based in Odelzhausen near Munich, all Teracue employees will transfer over to eyevis.
"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 sustain our expertise and our jobs," say Wolfgang Schmiegelt and Karl-Heinz Wenisch from the former board of management of Teracue and now managing directors of the new Teracue eyevis.
"The acquisition is a win-win situation for both companies," added Michael W. Nagel, CEO of eyevis. "With the increasing demand on high-quality streaming systems, together with Teracue we are offering unique solutions in the areas of control room, presentation and information, and broadcast from one source. 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."
Reutlingen-based eyevis is taking over all brands, names and patent rights as well as all the staff and management of Teracue and is transferring them into the new Teracue eyevis.