Audinate Completes Acquisition of Iris Studio Inc
Key points
- Acquisition of US-based Iris Studio, a leader in AI-powered cloud-based camera control technology
- Enhances Audinate's position in video and aligns with broader vision for AV-over-IP solutions
- Total consideration of up to US$28 million
Full summary
Audinate Group Limited (ASX:AD8) has completed the acquisition of Iris Studio Inc, a US-based leader in AI-powered, cloud-based camera control technology, for total consideration of up to US$28 million. The acquisition of Iris significantly enhances Audinate's position in video and aligns closely with Audinate's broader vision for interoperable control and management of AV-over-IP solutions across a wide range of audio-visual devices. Audinate was founded with a vision to pioneer the future of AV, and its award-winning Dante IP networking solution is the worldwide leader, used extensively in professional live sound, commercial installation, broadcast, public address, and recording industries. The acquisition of Iris, a leader in cloud-based camera control technology, further strengthens Audinate's capabilities in the video domain and supports its strategy of providing comprehensive AV-over-IP solutions.
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