Our market-leading EyeTV line has won numerous awards since its launch in 2002. We combine elegant software with innovative hardware, designed and developed by Elgato engineering and product teams in Germany and California. The EyeTV sale allows Elgato to accelerate development efforts in these exciting growth markets.Įlgato creates app-powered lifestyle accessories that entertain and enlighten. As these markets developed, EyeTV slowly turned into the smallest of Elgato’s core business segments. We are also planning the next generation of award-winning EyeTV 4 software with a new and modern user experience.”Įlgato’s focus in recent years has been on Gaming and the Connected Home.
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Both existing and future customers can look forward to exciting innovations around DVB-T2/HEVC and apps for Apple TV, Amazon Fire TV, and Google Nexus Player Android TV. “We proudly assume responsibility for the premier brand in the PCTV and mobile TV business,” says Mike Decker, GM of Geniatech Europe. “It was very important to us to find a partner who can ensure EyeTV’s future.” “We are certain that EyeTV has found a capable and competent new home with Geniatech,” says Markus Fest, CEO of Elgato. With this transaction Elgato completes its transformation from a PCTV solutions provider to a specialist for app-enabled lifestyle accessories.
Shenzhen Geniatech Inc., Ltd and Germany-based Geniatech Europe GmbH are experts in the TV business with more than 15 years of experience and a worldwide reach. Geniatech will take over the complete EyeTV product line and continue to develop and expand both hardware and software offerings. Munich, February 29 th, 2016 – After a wildly successful decade Elgato sells the EyeTV business to Geniatech Europe GmbH, a wholly owned subsidiary of Shenzhen Geniatech Inc., Ltd.
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