Sabyasachi Patra
23-03-2015, 11:59 AM
Vitec Group acquires Paralinx, seller of wireless video systems
Vitec group, which boasts of most of the major brands of the filming and photography world like OConnor, Sachtler, Vinten, Litepanels, Teradek, Manfrotto, Kata, Petrol bags etc has acquired Paralinx. Interestingly, Vitec group also had earlier acquired Teradek another high quality wireless video systems maker.
“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 posi-tioned 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 group is prolific in acquiring brands and last December it had bought over SmallHD which was reported here: http://www.indiawilds.com/forums/showthread.php?16036
Paralinx was founded by Dan Kanes and Greg Smokler when they had felt the need for a wireless video systems for their own needs, as they are cinematographers themselves.
Dan Kanes said "When we launched Paralinx in 2012 our mission was simple, to enable filmmakers to monitor wirelessly a camera’s HD recording in real time. We sought to bring a new level of freedom to video production, an essential link in digital cinematog-raphy. Now, in 2015, we are excited to be joining forces with Teradek and SmallHD, other inno-vators under the world-renowned Vitec Group, to continue empowering content creators with revolutionary technology and unparalleled support.”
Co-founder Greg Smokler stressed that they started Paralinx to fill a need and that the customers will benefit from this sell out to Vitec group. “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 Teradek 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.”
The systems marketed by Paralinx was eerily similar to that of low end systems from Nyrius Aries Pro. Not only they were physically of the same size but the systems also worked together as the chipsets inside was same. Paralinx appeared to be importing from the same manufacturers, albeit with better quality control with several times a price mark-up. While the terms of the deal is not known, it certainly reduces the competition among brands, lowering the chances of price wars.
Vitec group, which boasts of most of the major brands of the filming and photography world like OConnor, Sachtler, Vinten, Litepanels, Teradek, Manfrotto, Kata, Petrol bags etc has acquired Paralinx. Interestingly, Vitec group also had earlier acquired Teradek another high quality wireless video systems maker.
“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 posi-tioned 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 group is prolific in acquiring brands and last December it had bought over SmallHD which was reported here: http://www.indiawilds.com/forums/showthread.php?16036
Paralinx was founded by Dan Kanes and Greg Smokler when they had felt the need for a wireless video systems for their own needs, as they are cinematographers themselves.
Dan Kanes said "When we launched Paralinx in 2012 our mission was simple, to enable filmmakers to monitor wirelessly a camera’s HD recording in real time. We sought to bring a new level of freedom to video production, an essential link in digital cinematog-raphy. Now, in 2015, we are excited to be joining forces with Teradek and SmallHD, other inno-vators under the world-renowned Vitec Group, to continue empowering content creators with revolutionary technology and unparalleled support.”
Co-founder Greg Smokler stressed that they started Paralinx to fill a need and that the customers will benefit from this sell out to Vitec group. “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 Teradek 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.”
The systems marketed by Paralinx was eerily similar to that of low end systems from Nyrius Aries Pro. Not only they were physically of the same size but the systems also worked together as the chipsets inside was same. Paralinx appeared to be importing from the same manufacturers, albeit with better quality control with several times a price mark-up. While the terms of the deal is not known, it certainly reduces the competition among brands, lowering the chances of price wars.