Jupiter Systems Announces Acquisition of Teranex, Leading Supplier of High Performance Video Processing

Business Wire, June 17, 2009

Latest Acquisition Provides Jupiter with Rich Base of Technology in Video Conversion and Extends Market into Broadcast Arena

ORLANDO, Fla. -- Jupiter Systems (www.jupiter.com), the industry leader in display wall processors, today announced its acquisition of Teranex (www.teranex.com) Systems, a leading manufacturer of high-performance video processing platforms for the post-production, and broadcast industries. Teranex, headquartered in Orlando, Florida, will be a wholly-owned subsidiary of Jupiter Systems.

“Teranex is a strategic acquisition for Jupiter Systems,” said Eric Wogsberg, Jupiter founder and CEO. “Its technology, solutions, and market complement our own efforts and its high-quality video processing technology enables us to provide our customers with even higher levels of video quality--extending Jupiter’s reach from the command and control market into the broadcast arena.”

“This is an exciting milestone for our company,” said Mike Poirier, General Manager of Teranex. “We look forward to becoming part of Jupiter Systems. Jupiter’s global reach, widely recognized brand name, strong systems and networking expertise and worldwide customer relationships make it an ideal partner for Teranex.”

Teranex will continue to support its customers and its sales channels with its own sales force and will continue its long tradition of developing superlative video processing products based on its patented SIMD architecture.

About Teranex

In the early 1980s Lockheed Martin undertook a major project to develop real-time video processing capability for the U.S. military – no mean feat with the electronics technology of the time. Over a period of 15 years more than $100M was spent, 13 patents were granted and the project was completed successfully. The critical element developed was a SIMD array processor designed specifically to execute sophisticated algorithms in real-time on digital video signals.

In 1998 Teranex was set up as an independent company to develop commercial applications for the technology. Subsequently Teranex has continued to develop the basic platform and has also developed award-winning products which provide key functionality such as format and frame rate conversion, video noise reduction, film restoration, and pre/post compression conditioning.

The Teranex SIMD array processing technology delivers real-time processing with re-programmable products providing a future-proof solution for the broadcast industry´s changing needs. Teranex is headquartered in Orlando, FL, and is represented worldwide. Email sales@teranex.com for a dealer near you.

About Jupiter Systems

Jupiter Systems is the leading worldwide supplier of display wall processors for command and control applications. Jupiter's best-of-breed products are designed for continuous, 24x7 operation, and are used in network operation centers, electric power generation and distribution control rooms, boardrooms, intelligent traffic control rooms, 911 dispatch centers, financial management control centers, surveillance and security centers, and fixed and mobile military operations control centers in over 6,000 installations around the world. For more information, please visit www.jupiter.com.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5981569&lang=en