On the first day of the NAB Show last week, Wohler Technologies announced that it had acquired transcoding vendor RadiantGrid. Terms of the deal were not made public.
Wohler president & CEO Carl Dempsey said that RadiantGrid’s technology is complementary to Wohler’s and that the deal will help his company break into file-based processing.
The transcoding market is interesting since the technology is used to achieve interoperability between disparate file-based production systems, and to facilitate multi-platform content publishing and distribution.
There has been considerable M&A and financing activity in the transcoding space including:
- Envivio revived its plans for go public in a Goldman Sachs-led IPO
- Envivio closed a $16.5m funding round in January 2012, bringing the total raised to $95.1m
- PE firm Thoma Bravo bought out Telestream in December 2011
- Telestream bought fellow transcoding vendor Anystream in September 2011
- Cisco bought Inlet Technologies for $95m in February 2011
- Elemental Technologies closed a $7.5m fundraising round in 2010, bringing the total raised to more than $14m
- RGB Networks bought transcoding vendor Ripcode in 2010
The Wohler – RadiantGrid deal leaves AmberFin (backed by Advent Venture Partners) and Digital Rapids as the remaining stand-alone transcoding vendors.
Press Release: Wohler Acquisition of RadiantGrid™ Paves Way for Expansion Into File-Based Media Processing and Delivery
© Devoncroft Partners. All Rights Reserved.