{"id":4161,"date":"2019-02-19T00:39:30","date_gmt":"2019-02-18T16:39:30","guid":{"rendered":"https:\/\/modalperdana.com\/porter\/?p=4161"},"modified":"2023-12-29T14:59:35","modified_gmt":"2023-12-29T06:59:35","slug":"gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions","status":"publish","type":"post","link":"https:\/\/kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/","title":{"rendered":"GN ACQUIRES ALTIA SYSTEMS FOR $125M TO ADD VIDEO TO ITS ADVANCED AUDIO SOLUTIONS"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Some interesting M&A is afoot in the world of hardware and software that\u2019s aiming to improve the quality of audio and video communications over digital networks.<\/p>\n

GN Group \u2014 the Danish company that broke new ground in mobile when it inked deals first with\u00a0Apple<\/a>\u00a0and then\u00a0Google<\/a>\u00a0to stream audio from their phones directly to smart, connected hearing aids \u2014 is expanding from audio to video, and from Europe to Silicon Valley.<\/p>\n

<\/div>\n

Today, the company announced that it would acquire Altia Systems, a startup out of Cupertino that makes a \u201csurround\u201d videoconferencing device and software called the PanaCast (we reviewed it\u00a0once<\/a>)\u00a0designed to replicate the panoramic, immersive experience of vision that we have as humans<\/span>.\u00a0<\/span><\/p>\n

GN is paying $125 million for the startup. For some context, this price represents a decent return: according to\u00a0PitchBook, Altia was last valued at around $78 million with investors including Intel Capital and others.<\/p>\n

Intel\u2019s investment was one of several strategic partnerships that Altia had inked over the years. (Another was with Zoom to provide a\u00a0new video solution for Uber<\/a>.)<\/p>\n

The Intel partnership, for one, will continue post-acquisition. \u201cIntel invested in Altia Systems to bring\u00a0an\u00a0industry leading immersive, Panoramic-4K camera experience\u00a0to business\u00a0video collaboration,\u201d said\u00a0Dave Flanagan,\u00a0Vice President of Intel Corporation and Senior Managing Director of Intel Capital, in a statement. \u201cOver the past few years, Altia Systems has collaborated with Intel to use\u00a0AI and\u00a0to deliver more intelligent conference rooms and business meetings.\u00a0This\u00a0helps\u00a0customers\u00a0make better decisions, automate workflows and improve business efficiency. We are excited to work with GN to further scale this technology on a global basis.\u201d<\/p>\n

We have seen a lot of applications of AI in just about every area of technology, but one of the less talked about, but very interesting, areas has been in how it\u2019s being used to enhance audio in digital network.\u00a0Pindrop<\/a>, as one example, is creating and tracking \u201caudio fingerprints\u201d for security applications, specifically fraud prevention (to authenticate users and to help weed out imposters based not just on the actual voice but on all the other aural cues we may not pick up as humans but can help build a picture of a caller\u2019s location and so on).<\/p>\n

<\/div>\n

GN, meanwhile, has been building AI-based algorithms to help those who cannot hear as well, or who simply needs to hear better, be able to listen to calls on digital networks and make out what\u2019s being said. This not only requires technology to optimise the audio quality, but also algorithms that can help tailor that quality to the specific person\u2019s own unique hearing needs.<\/p>\n

One of the more obvious applications of services like these are for those who are hard of hearing and use hearing aids (which can be awful or impossible to use with mobile phones), another is in call centers, and this appears to be the area where GN is hoping to address with the Altia acquisition.<\/p>\n

GN already offers two products for call centre workers, Jabra and BlueParrot \u2014 headsets and speakerphones with their own proprietary software that it claims makes workers more efficient and productive just by making it easier to understand what callers are saying.<\/p>\n

Altia will be integrated into that solution to expand it to include videoconferencing around unified communications solutions, creating more natural experiences for those who are not actually in physical rooms together.<\/p>\n

\u201cCombining GN Audio\u2019s sound expertise, partner eco-system and global channel access with the video technology from Altia Systems, we will take the experience of conference calls to a completely new level,\u201d said\u00a0Ren\u00e9 Svendsen-Tune, President and CEO of GN Audio, in a statement.<\/p>\n

<\/div>\n

What\u2019s notable is that GN is a vertically-integrated company, building not just hardware but software to run on it. The AI engine underpinning some of its software development will be getting a vast new trove of data fed into it now by way of the PanaCast solution: not jut in terms of video, but the large amount of audio that will naturally come along with it.<\/p>\n

\u201cCombining PanaCast\u2019s immersive, intelligent video with GN Audio\u2019s intelligent audio solutions will enable us to deliver a whole new class of collaboration products for our customers,\u201d said Aurangzeb Khan, President and CEO of Altia Systems, in a statement. \u201cPanaCast\u2019s solutions enable companies to improve meeting participants\u2019 experience, automate workflows, and enhance business efficiency and real estate utilization with data lakes of valid information.\u201d<\/p>\n

Given GN\u2019s work with Android and iOS devices, it will be interesting to see how and if these video solutions make their way to those platforms as well, either by way of solutions that work on their phones or perhaps more native integrations down the line.<\/p>\n

Regardless of how that develops, what\u2019s clear is that there remains a market not just for basic tools to get work done, but technology to improve the quality of those tools, and that\u2019s where GN hopes it will resonate with this deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Some interesting M&A is afoot in the world of hardware […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-4161","post","type-post","status-publish","format-standard","hentry","category-corporate-news"],"acf":[],"yoast_head":"\nGN ACQUIRES ALTIA SYSTEMS FOR $125M TO ADD VIDEO TO ITS ADVANCED AUDIO SOLUTIONS - KMP<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GN ACQUIRES ALTIA SYSTEMS FOR $125M TO ADD VIDEO TO ITS ADVANCED AUDIO SOLUTIONS - KMP\" \/>\n<meta property=\"og:description\" content=\"Some interesting M&A is afoot in the world of hardware […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"KMP\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ModalPerdana\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-18T16:39:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-29T06:59:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/altia-news-300x184.jpg\" \/>\n<meta name=\"author\" content=\"ghazali\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ghazali\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/\"},\"author\":{\"name\":\"ghazali\",\"@id\":\"https:\/\/www.kmp.vc\/porter\/#\/schema\/person\/efde68924119afd224ab8921ca8502d4\"},\"headline\":\"GN ACQUIRES ALTIA SYSTEMS FOR $125M TO ADD VIDEO TO ITS ADVANCED AUDIO SOLUTIONS\",\"datePublished\":\"2019-02-18T16:39:30+00:00\",\"dateModified\":\"2023-12-29T06:59:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/\"},\"wordCount\":851,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.kmp.vc\/porter\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/kmp.vc\/porter\/wp-content\/uploads\/2022\/06\/altia-news-300x184.jpg\",\"articleSection\":[\"Corporate News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/\",\"url\":\"https:\/\/www.kmp.vc\/porter\/gn-acquires-altia-systems-for-125m-to-add-video-to-its-advanced-audio-solutions\/\",\"name\":\"GN ACQUIRES ALTIA SYSTEMS FOR $125M TO ADD VIDEO TO ITS ADVANCED AUDIO SOLUTIONS - 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