 "TANDBERG To Acquire Codian")
TANDBERG has announced the acquisition of Codian, a 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 infrastructure products will provide customers a robust platform for large scale deployments of high-definition videoconferencing systems.
According to TANDBERG CEO Fredrik Halvorsen, “Adding Codian’s talented R&D and sales teams, as well as best-in-class infrastructure products to our total solution, will position TANDBERG to capture current market momentum and pursue a leadership role in the larger IP communications marketplace.”
The Codian product line includes enterprise and carrier-class Multipoint Control Units (MCUs), gateways, videoconferencing content servers, and management software. TANDBERG will continue to develop and support the Codian and TANDBERG product lines, including both the Codian MCU platforms and the TANDBERG MPS line of MCUs.
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