Haivision in multiple acquisition move22 July 2011
The video networking, digital signage and IP video distribution solution provider (president/CEO Mirko Wicha pictured) has acquired two companies and created a new Internet Media Division.
The acquired companies are US-based KulaByte Corporation and Germany-based MontiVision Imaging Technologies. Founded in 2004, KulaByte specialises in live software-based encoding and transcoding technologies. Its developments include HyperStream, described as one of the world’s first live cloud-based video transcoding services. Meanwhile, MontiVision Imaging Technologies was a partner in the development of KulaByte products and is focused on technologies pertaining to video acquisition, machine vision, surveillance and medical imaging.
Now, the technologies of both companies – advanced encoding, transcoding, cloud computing and workflow solutions – will be combined to form Haivision’s new Internet Media Division. The operation will be focused on the development of technologies to deliver OTT media and power enterprise social media networks.
Chafye Nemri will serve as executive vice-president of the new division, while KulaByte CEO Peter Forman becomes vice-president of Internet Media, with responsibility for developing cloud services.
“All market segments now demand access to a high-quality live and on-demand HD media experience regardless of network or platform,” said Mirko Wicha (pictured), president and CEO of Haivision Network Video. “With KulaByte and MontiVision, Haivision can now deliver end-to-end rich media solutions for both inside and outside the enterprise firewall. The new division is also focused on addressing the challenges of effective social media networks for the enterprise.
“Haivision is unique in the IP video industry in that we have been profitable for many years, experienced more than 50-percent growth for the last five years, and we continue to increase our market share dramatically — all without venture capital investment. Our executive management group is the best in the industry with an amazing track record, and together with a dedicated and driven team of more than 150 people we expect to surpass revenues of $50 million next year.”
Haivision has now acquired four companies in just over two years, combining IP video distribution, digital signage and now Internet streaming expertise with the company’s H.264 hardware technology.