Jupiter Systems, a Hayward, Calif.-based developer of display wall processors, has acquired Teranex, a manufacturer of high-end video processing technology. Teranex, located in Orlando, Fla., will be a wholly-owned subsidiary of Jupiter Systems. Financial terms were not disclosed.
Launched in 1998 with IP from Lockheed Martin, Teranex has primarily targeted the broadcast and post industries with its SIMD array processing technology. The company was acquired in 2004 by Silicon Optix, which, in turn was bought in October 2008 by IDT, a Silicon Valley company specializing in mixed signal semiconductor solutions for digital media.
“Teranex is a strategic acquisition for Jupiter Systems,” said Eric Wogsberg, Jupiter founder and CEO. Its technology, solutions, and market complement our own efforts and its high-quality video processing technology enables us to provide our customers with even higher levels of video quality—extending Jupiter’s reach from the command and control market into the broadcast arena.”
“This is an exciting milestone for our company,” said Mike Poirier, Teranex GM. “We look forward to becoming part of Jupiter Systems. Jupiter’s global reach, widely recognized brand name, strong systems and networking expertise and worldwide customer relationships make it an ideal partner for Teranex.
CATEGORIES
LATEST ARTICLES