Thursday, 27 September 2007

TANDBERG Completes Codian Acquisition

Teleco Equipment manufacturer TANDBERG has completed its acquisition of Codian, a developer of high-definition videoconferencing infrastructure products.

The acquisition which was officially announced on September 7 2007 is valued at USD 270 million
“I am enthused about the value of bringing together Codian’s talent with our own team to work on future opportunities”, said Fredrik Halvorsen, TANDBERG CEO.

TANDBERG believes that intellectual capital from Codian R&D and sales personnel will further strengthen its existing expertise to accelerate innovation and the pursuit of new business opportunities in the telepresence, videoconferencing and broader IP communications marketplace.

As a part of TANDBERG's total solution, Codian's infrastructure products, including Multipoint Control Units (MCUs), gateways, videoconferencing content servers, and management software, will provide customers with a platform for large-scale deployments of high-definition videoconferencing systems.

TANDBERG will continue to develop and support the Codian and TANDBERG product lines. These include both the TANDBERG MPS line of MCUs and the Codian MCU platforms.

Codian was a privately held U.K.-based company with service and support in the United States, Europe and Asia, with a total of 107 employees.