ATX Networks has acquired Pico Digital. The acquisition is intended to extend ATX's expertise in the commercial video solutions market. Headquartered in San Diego, Pico designs and manufactures distribution and customer premises equipment (CPE) for satellite providers, cable companies, and radio customers.
"Pico Digital represents a highly strategic and complementary investment, allowing us to continue to grow our commercial video solutions business worldwide and providing ATX entrance into the satellite and radio markets," said Ken Wildgoose, ATX's president and CEO. "We have been very impressed with Pico's leadership, blue-chip customer relationships, and technological capabilities."
Ian Lerner, CEO of Pico Digital said: "We are very excited to start a new chapter in joining the ATX team. Pico will continue to be focused on providing customers with industry-leading, innovative solutions. ATX's resources and capabilities should allow us to enhance our value-added solutions and forge relationships with customers in new markets and geographies."
Ian Lerner will serve as CEO and Carlos Shteremberg as president of the Pico Digital division within ATX, which will consist of the current Pico Digital management team in its entirety. The combined company will have over 300 employees.
ATX bought fiber optics vendor InnoTrans Communications in September.