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Blackmagic Design Buys Teranex

Teranex Plans to Continue Customer Support and Sales as Blackmagic Subsidiary

Blackmagic Design said this morning that it has purchased Teranex, a provider of high-quality video-processing products for broadcast and post-production. Teranex becomes a wholly owned subsidiary of Blackmagic Design in the deal, specific terms of which were not disclosed.
Blackmagic Design CEO Grant Petty described the purchase as a strategic acquisition that will extend the company’s reach in broadcast, features, and high-end post. “Its high-quality video-processing technology enables us to provide our customers with even higher levels of video quality,” he said in a prepared statement.

Teranex said it will continue to provide its own customer support and sales, and plans to continue developing products based on its SIMD array-processing technology. Teranex has most recently added 3D capabilities to its product line, with camera-alignment, dual-channel conversions, and 3D simulation features available. A Blackmagic representative confirmed that Teranex will retain both its employees and its location in Orlando, Florida. Further details weren’t announced, but it seems likely we’ll get more information on Blackmagic’s plans in the NAB 2012 time frame.

Its landing at Blackmagic represents the first time Teranex, a brand that’s synonymous with video conversion in this industry, has been aligned specifically with broadcast and post-production – Teranex’s work on real-time video processing has its roots in the invention of the geometric arithmetic parallel processor (GAPP) array by Włodzimierz Holsztyński as part of U.S. military application development at Lockheed Martin (then Martin Marietta). After being spun off in 1998, Teranex has been owned by Silicon Optix (which became part of semiconductor company IDT in 2008) and, since 2009, Jupiter Systems, which provides display-wall processors to the U.S. military.

For more information: www.blackmagic-design.com.

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