Blackmagic Acquire Teranex

Creator of video editing products, Blackmagic Design, has bought over a manufacturer of video processing products expanding their product range.
Blackmagic announced today its acquisition of Teranex Systems Inc. a manufacturer of video processing products for the post production and broadcast industries.
Teranex, headquartered in Orlando, Florida, is now a wholly owned subsidiary of Blackmagic Design.
"Teranex is a strategic acquisition for Blackmagic Design," said Grant Petty, Blackmagic Design 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 Blackmagic Design’s product range for the broadcast, feature film and high end post production markets."
"This is an exciting milestone for our company," said Mike Poirier, General Manager of Teranex.
"We are extremely happy to be part of the Blackmagic Design team. Blackmagic Design’s global reach, leading edge technologies, widely recognized brand name, strong systems and networking expertise and worldwide customer relationships make it an ideal partner for Teranex."
Teranex will continue to support its customers and expand its sales channels with the added strength of the Blackmagic Design organization. Teranex will also continue its long tradition of developing superlative video processing platforms based on its patented SIMD architecture.
(LB)