Late last year we wrote about Vitec when it acquired one of our favorite smaller manufacturers (hah!), smallHD. With the announcement that Vitec acquires Paralinx– arguably Teradek’s primary competitor – we return to our earlier estimation of Vitec: it’s a very interesting company. Then again, so is every company in its growing portfolio.
The email arrived from new planet5D bud and Teradek marketing dude Mike Gailing: the same company that had acquired his company, Teradek, had just acquired another zero delay, no compression wireless streaming company and arch competitor, Paralinx.
Except parent company Vitec apparently saw it differently: these two companies had highly complementary strengths which – when shared – would be greater than the sum of its parts.
So what’s the story? Mike fills us in.
“Teradek has been a leader in the zero delay, no compression, high-end cinema and broadcast/TV space, and Paralinx has been a leader applying the same category of technology in the UAV/drone, independent content and DSLR space,” Mike says.
“While Teradek has a warehouse and manufacturing facility in Irvine and a whole floor of engineers (Teradek founders Nic Verheem and Marius Van der Watt are former GE engineers), Paralinx is a much smaller company founded by guys (Dan Kane and Greg Smokler) who are real-world shooters — cinematographers both based in L.A., with first-hand knowledge of what people need.”
“It’s a great mix of tactical and strategic capabilities. Even though the two brands will remain separate and distinct, Paralinx products can now leverage the engineering and manufacturing expertise at Teradek – and Teradek product development can leverage the on-the-pulse industry knowledge of the Paralinx team.”
Makes sense to us.
So much so that we’ll be doing hands-on reviews of Teradek and Paralinx products in the near future, so stay tuned. [bctt tweet=”Vitec scores another strategic acquisition with Paralinx”]
The Vitec Acquires Paralinx
The acquisition underscores Vitec’s commitment to progressive technologies
Via Vitec Videocom Press:
LONDON (March 2, 2015) – The Vitec Group has acquired the business of Paralinx, a California company known for its high-quality wireless video systems. Paralinx will be incorporated into the Vitec Group's Videocom Division, complementing its existing brands.
Paralinx was founded by Dan Kanes and Greg Smokler, two members of the International Ci-nematographers Guild (ICG) who sought to develop a new wave of affordable, high-definition wireless video tools for professionals and enthusiasts alike. The company will join Teradek and SmallHD in Vitec Videocom’s Creative Solutions business unit.
“Like Teradek and SmallHD, Paralinx is another great example of the pioneering spirit that is so important to disrupting the professional video industry with game-changing products and top-notch customer support,”said Vitec Videocom CEO Matt Danilowicz. “By combining Paralinx’s deep understanding of the market with Teradek’s engineering acumen, both companies are po-sitioned to develop truly cutting-edge technology tailored specifically to their customers’needs.”
To adequately address the growing demand for wireless video devices, Paralinx will continue to innovate in the UAV and independent content creator spaces, while Teradek will focus on cine-ma and television applications.
Vitec Videocom Press Continued
“When we launched Paralinx in 2012, our mission was simple: to enable filmmakers to monitor wirelessly a camera’s HD recording in real time,”said Dan Kanes, co-founder of Paralinx. “We sought to bring a new level of freedom to video production, an essential link in digital cinemato-graphy. Now, in 2015, we are excited to be joining forces with Teradek and SmallHD, other in-novators under the world-renowned Vitec Group, to continue empowering content creators with revolutionary technology and unparalleled support.”
Co-founder Greg Smokler added: “We started Paralinx because as end-users on the front lines of content production we weren’t getting the tools that we needed. This acquisition gives us the opportunity to collaborate with the talented engineers and product development team at Tera-dek and to make use of the Vitec Group’s manufacturing and operational might. We believe that the biggest winners out of this will be the people that helped us get to where we are today: our customers.”
About Vitec Videocom
Vitec Videocom, the Broadcast Division of The Vitec Group plc, brings together some of the most respected, innovative and sought-after brands in the industry: Anton/Bauer, Autocue, Au-toscript, Bexel, Camera Corps, Litepanels, OConnor, Sachtler, SmallHD, Teradek, The Camera Store, Vinten and Vinten Radamec. It acts as an endorsing brand for these market-leading broadcast, film and pro video products, encouraging multi-brand system sales and simplifying the way that customers worldwide do business.
Vitec is a global provider of premium branded products and services to the Broadcast and Pho-tographic markets. Vitec is based on strong, well-known, premium brands on which its custom-ers worldwide rely.
Vitec Videocom –advancing the quality and science of media production.
(cover photo credit: snap from Vitec Videocom)