Riedel Communications acquires Code One
WORLD: Riedel Communications has announced the acquisition of Düsseldorf-based mobile streaming specialist Code One, known for developing solutions for video streaming over wide area networks (WANs). The deal brings Riedel a valuable portfolio of WAN-focused solutions, as well as technology for distributing video, audio, and data via mobile networks.
Following the announcement, Riedel Communications CEO Thomas Riedel commented: ‘Code One complements our portfolio perfectly. This young company's key areas of expertise, such as mobile streaming and innovative solutions for data transmission, offer Riedel unique technology that we can use to elevate our solutions to a new level.’
Code One CEO Sven Hanten added: ‘In order to guarantee further expansion of our company, we needed a partner with the capacity to support our portfolio in a competent and future-proofed manner. Riedel Communications is an experienced company that offers a positive business environment, including a firmly established presence in key markets and a strong financial position, that will fuel our ongoing and future development.’