TANDBERG a global leader in visual communication, today announced the acquisition of Codian, an award-winning developer of high-definition videoconferencing infrastructure products. The transaction, a combination of cash and stock, is valued at $270m (USD).
Codian's experienced R&D and sales teams give TANDBERG access to additional resources for accelerating technology innovation and capturing current opportunities within core markets — videoconferencing and telepresence — as well as targeting new opportunities in the broader IP communications marketplace.
As a part of TANDBERG's total solution, Codian's state-of-the-art infrastructure products will provide customers a robust platform for large scale deployments of high-definition videoconferencing systems. The joint solution will greatly improve video quality and ease-of-use for multi-party conferences, enhancing customer experience and increasing meeting productivity. |
