10.10.2013 10:39 AM
Riedel strengthens IP streaming portfolio with acquisition of Code One
The acquisition gives Riedel unique technology that it can use to elevate its existing systems to a new level.
Looking to expand its product portfolio and offer new types of video streaming technology to meet the growing demand for video delivery over less costly IP infrastructures, Riedel Communications has acquired Code One, a mobile streaming specialist based in Germany. Code One develops and markets systems for streaming video, audio and data over wide area networks (WANs) for distribution to mobile devices.
No financial details were made available, but Code One will now operate as a wholly owned subsidiary of Riedel Communications and maintain its existing staff and facility in Düsseldorf, Germany.
Sven Hanten, CEO at Code One, said Riedel gives his company new access to markets, such as North America, that will fuel its ongoing and future development of data distribution technology.
Code One said its video streaming technology allows broadcasters and other content producers to achieve greater mobility in live production environments. The company's application-oriented products empower users to distribute live content anywhere, at any time. Engineered to reduce the complexity of live broadcasting, Code One systems assure straightforward signal distribution with maximum independence.
Thomas Riedel, CEO of Riedel Communications, called Code One a “young company” whose areas of expertise, such as mobile streaming and data transmission, offer Riedel unique technology that it can use to “elevate our solutions to a new level.”