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Lanza techVentures Portfolio Company Altia Systems Signs Agreement to be Acquired by GN AudioPALO ALTO, Calif., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Lanza techVentures today announced GN Audio (Jabra) signed an agreement to acquire its portfolio company Altia Systems® of Cupertino, Calif. The agreement is expected to be finalized shortly. “Lanza techVentures believed in our technology from the beginning and supported us all along the way,” says Aurangzeb Khan, president and CEO of Altia Systems. “Lucio Lanza has been a valuable strategy advisor as the industry well knows.” About Altia Systems Altia Systems®, based in Cupertino, Calif., is the creator of the PanaCast® systems and Intelligent Vision software products. Funded by Intel Capital and other leading investors, Altia Systems' PanaCast solutions deliver real-time 180° Panoramic-4K, Panoramic-5K and 4K 3D video streams from integrated, synchronized and optimized multi-camera arrays. PanaCast systems and Intelligent Vision (artificial intelligence) software products are used by more than 1,600 companies worldwide, including 200+ universities, for video collaboration, education, AR/VR, live broadcasting and machine learning for autonomous systems. PanaCast system devices are designed and assembled in the U.S. and have received prestigious awards such as CES Innovation Awards Honoree, Frost & Sullivan New Product Innovation, GOOD DESIGN award, Gartner Cool Vendor in Unified Communications, and more. About Lanza techVentures Lanza techVentures is an early stage investment firm that transforms innovative startups into high-value companies through unique vision, insight and a profound understanding of technology and its trends. Founded in 2001 by technology luminary Lucio Lanza, Lanza techVentures has acted as a strategic partner and advisor for early- to mid-stage companies in the design software and intellectual property (IP), semiconductor and biotechnology market sectors. Every computer and chip design done today directly benefits from the critical role that Lanza techVentures has played in bringing key technologies to market. It has invested in more than 50 companies in Silicon Valley and beyond. Many of these companies continue to be growing concerns, while others have reached successful outcomes through an initial public offering (IPO), or by merger or acquisition with other companies. The Lanza techVentures philosophy is simple: Investment is a by-product of service to great, creative entrepreneurs. Follow Lanza techVentures at: Website: http://lanzatechventures.com/ Twitter: @LTechventures LinkedIn: https://www.linkedin.com/company/18041745/admin/ For more information, contact: |