Latin America. Christie signed a letter of intent to negotiate a binding agreement for the sale of its Pandoras Box product line, which includes media servers, software, accessories, as well as Widget Designer and AirScan, to Daniel Schäfer (one of the founders of coolux), consultant Daniel Kaminski and experienced user Andre Maier.
This operation will allow the three professionals, who have a deep knowledge of the product line and the market, to continue developing the award-winning Pandoras Box solution, a real-time rendering engine and control system. Both parties are enthusiastic about the potential of this acquisition and are working to close the purchase agreement.
"Our passion for Pandoras Box runs deep: we have more than 50 years of combined experience. As a team, we bring insights from the perspective of end users, customers, consultants, and technical operations. We look forward to exploring and expanding its capabilities, offering the best real-time rendering engine and control system on the market for our customers," says Schäfer.
Michael Phipps, President and COO of Christie, adds: "Pandoras Box users around the world will benefit greatly from the creativity and expertise of these three professionals in software and hardware design and operation. I am pleased with the strategic decision to sell this product line to such a committed team."
This upcoming buy-side agreement will allow Christie to simplify its operations and focus on its core competencies, driving innovation and growth in its priority markets.
