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RadiantGrid acquired by Wohler at NAB 2012 - PSNEurope

RadiantGrid acquired by Wohler at NAB 2012

RadiantGrid was made a Wohler Technologies company at NAB 2012 yesterday. The partnership allows the two companies to streamline workflows as broadcasters move to file-based distribution systems.
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RadiantGrid Technologies, who is debuting its support of adaptive bitrate streaming formats at the NAB Show this year, has been acquired by Wohler Technologies. This acquisition will provide current and new RadiantGrid users the benefit of additional sales, technical and development support worldwide. “Like Wohler, RadiantGrid is always looking to keep itself ahead of emerging technologies, offering our users access to the latest file format support,” said Kirk Marple, RadiantGrid president and chief software architect. “Now being a Wohler Technologies company, RadiantGrid will be able to offer even more innovations to meet the industry’s changing needs, combined with expanded sales and support.” "We see ourselves as an innovator in this file-based workflow space. The big thing we're looking at for NAB this year is faster than real-time standards conversion. It's a first time offering for this space," added Marple at yesterday’s press conference. "We've been looking for the right partner in the industry to accelerate our growth internationally and domestically. I think it's really going to pay off for both companies."
Wohler is a provider of audio and video monitoring, and data management solutions for the broadcast, motion picture and professional audio/visual markets. Its acquisition of RadiantGrid will allow the two companies to streamline file-based workflows with a full range of video, audio, data, and QC solutions that support broadcasters for the latest distribution needs such as IPTV and VOD. “Over the past 20 years, we have watched the industry change and evolve and have always been right there along with it, offering our users the latest video and audio monitoring, and data management technologies,” said Carl J. Dempsey, president and CEO of Wohler Technologies. “In this latest evolution of the industry, we are seeing broadcasters moving to a more file-based realm.” Dempsey also added that when they asked their customers what they needed, they came back with "faster than real-time processing, and there was nothing in their bag of tricks that could get there. We've really ramped up our engineering and so we're on the road to a file-base solution." By bringing RadiantGrid into the Wohler family, Dempsey said "the association now accelerates and expands that. The acquisition of RadiantGrid, which has a proven reputation of providing innovative file-based solutions, is a great complement to the technologies we are currently developing to make the migration to an IT-based infrastructure easier and faster.” RadiantGrid was represented in the sale process by Ethan Jacks and John Bowen, principals at MediaBridge Capital Advisors, a digital media-focused investment bank. “We see this acquisition as a benchmark for the transformational change occurring in the broadcast and new media marketplace,” said Jacks. “Wohler and RadiantGrid together will help redefine the best practices for the industry.” www.radiantgrid.comwww.wohler.com

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