Latin America. Kramer acquired ZeeVee Inc., a pioneer in AVoIP (Audio-Video over Internet Protocol). This strategic move aligns with Kramer's commitment to investing in AVoIP and positioning the company at the forefront of technological advancements in this domain.
The acquisition of ZeeVee underscores Kramer's dedication to the AVoIP market and the enhancement of its product portfolio in this area. ZeeVee, a founding member of the SDVoE Alliance, brings advanced technologies and expertise that will enable Kramer to offer a broader portfolio and accelerate growth and innovation. ZeeVee has been at the forefront of IT and AV convergence, leading the industry with innovative solutions and a forward-thinking approach.
With this acquisition, Kramer will significantly expand its AVoIP portfolio, accelerating growth and innovation. ZeeVee's offering perfectly complements Kramer's existing AVoIP solutions, allowing us to offer 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 10 Gbps technology, facilitating complex, large-scale deployments. Its line of certified and medical-grade products will expand Kramer's market reach and complement other Kramer solutions in this domain.
By combining Kramer's portfolios, we are able to offer a wider range of solutions, enhancing our customers' 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, Chief Executive Officer of Kramer, commented: "The acquisition of ZeeVee reinforces our commitment to leading the AVoIP market. ZeeVee's innovative solutions and industry leadership align perfectly with our strategic vision and together we will drive the next wave of technology convergence. This move not only enhances our portfolio, but also accelerates our growth and innovation, ensuring that we continue to provide end-to-end AV solutions to our clients. In addition, customers and partners of both companies will now benefit from access to the combined portfolio of products and services. "
ZeeVee CEO Bob Michaels added, "Joining forces with Kramer is an exciting 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."
