ProAV M&A: Kramer Bolsters AV Over IP Chops Through ZeeVee Acquisition
August 7, 2024 by Dave Haynes
The Israeli AV solutions and infrastructure provider Kramer has boosted its capabilities in AV over IP through the acquisition of ZeeVee, a Boston-area manufacturer of video and signal distribution technology for the pro AV and IT markets.
Buying ZeeVee gets Kramer advanced technologies and expertise in an area that seemingly has big growth potential – using network infrastructure to move around audio and video, instead of delivering files to devices on a network that then store them and play them out.
With this acquisition, Kramer will significantly expand its AVoIP portfolio, accelerating growth and innovation. ZeeVee’s offering perfectly complements Kramer’s existing AVoIP solutions, enabling us to provide a complete and integrated solution for our customers. As a founding member of the SDVoE Alliance, ZeeVee brings deep expertise and a proven track record in 10Gbps technology, facilitating large-scale and complex deployments. Their medical-grade and certified product line will expand Kramer’s market reach and complement other Kramer solutions in this domain.
By combining Kramer’s portfolios, we can offer a broader range of solutions, enhancing our customer experience and opportunities. The merger also combines ZeeVee’s on-premises AVoIP management solution with Kramer’s cloud-based offerings, such as Panta Rhei and Kramer Control, resulting in a robust ecosystem for powerful management and control solutions.
Gilad Yron, CEO of Kramer: “The acquisition of ZeeVee reinforces our commitment to leading the AVoIP market. ZeeVee’s innovative solutions and industry leadership align seamlessly with our strategic vision, and together, we will drive the next wave of technological convergence. This move not only enhances our portfolio but also accelerates our growth and innovation, ensuring we continue to provide comprehensive audio-visual solutions to our customers. Additionally, both companies’ customers and partners will now benefit from access to the combined portfolio of products and services.”
ZeeVee CEO, Bob Michaels: “Joining forces with Kramer is a thrilling opportunity for ZeeVee. Our combined expertise and resources will accelerate the adoption of AVoIP technologies, delivering unmatched value to our customers and partners worldwide. We are excited to be part of a company that shares our vision for the future of IT and AV integration.”
As is pretty much the norm these days, the terms and nature of the deal were not disclosed.
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