News : GN Audio to Acquire Altia Systems
Copenhagen, Denmark and Cupertino, CA, USA, Feb 19, 2019 -- GN Audio has signed an agreement to acquire Altia Systems Inc. ("Altia Systems"). Altia Systems, based in Cupertino, California (USA), is a developer of premium video communications solutions utilizing digital multi-camera array technology. This market is expected to grow significantly from a currently low penetration rate fueled by easy to use (plug and play), integrated audio and video Unified Communications solutions. The products from Altia Systems are currently marketed under the brand PanaCast.
GN Audio is a provider in intelligent audio solutions for the CC&O (Call Center & Offices) market, operating under the Jabra and BlueParrott brands. GN Audio professional headsets and speakerphones are engineered to help businesses achieve productivity improvement, enhancing job satisfaction and enabling people to work smarter and more efficiently.
The acquisition of Altia Systems allows GN Audio to expand into integrated audio and video communications solutions, supporting companies’ collaboration and meeting efficiency.
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"We are pleased to have reached an agreement to acquire Altia Systems," said René Svendsen-Tune, President and CEO of GN Audio. "The acquisition further strengthens our unique value proposition by delivering leading integrated audio and video communications. Combining GN Audio’s sound expertise, partner eco-system and global channel access with the video technology from Altia Systems, we will take the experience of conference calls to a completely new level."
"Combining PanaCast’s immersive, intelligent video with GN Audio’s intelligent audio solutions will enable us to deliver a whole new class of collaboration products for our customers," said Aurangzeb Khan, President and CEO of Altia Systems. "PanaCast’s solutions enable companies to improve meeting participants’ experience, automate workflows, and enhance business efficiency and real estate utilization with data lakes of valid information."
"Intel invested in Altia Systems to bring an industry leading immersive, Panoramic-4K camera experience to business video collaboration," said Dave Flanagan, Vice President of Intel Corporation and Senior Managing Director of Intel Capital. "Over the past few years, Altia Systems has collaborated with Intel to use AI and to deliver more intelligent conference rooms and business meetings. This helps customers make better decisions, automate workflows and improve business efficiency. We are excited to work with GN to further scale this technology on a global basis."
The agreement to acquire Altia Systems is contingent on certain customary closing conditions.
Posted by Veronica Silva Cusi, news correspondent
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About GN Audio:
The GN Group is a provider of intelligent audio solutions that let you hear more, do more and be more than you ever thought possible. Our unique portfolio of medical, professional & consumer audio solutions – and the deep research & development expertise behind this range of products gives our brands advantages in the med-tech, hearables and intelligent audio field.
Published: Wednesday, February 20, 2019