Christie Germany plans to sell its Pandoras Box media server business to three industry experts: Daniel Schäfer, one of the Coolux founders; consultant Daniel Kaminski; and long-time user Andre Maier. The Canadian AV specialist announced today that it has signed a letter of intent to negotiate a binding agreement.
Christie: German Entrepeneurs To Buy Back Pandoras Box
Christie Pandoras Box is an integrated media server and software solution used for projection mapping, stage productions, broadcast sets, and interactive museum experiences. It was originally developed by the Cologne-based company Coolux, which Christie acquired in 2015.
The founder-buyout will allow the three individuals – who have deep knowledge of the product and its market – to further develop the Pandoras Box real-time rendering engine and control system. Both parties are enthusiastic about the potential of this acquisition and are working toward finalizing a purchase agreement.
“Our passion for Pandoras Box runs deep – more than 50 years combined. As a team, we bring knowledge and experience as end users, customers, consultants, and in technical operations. We’re eager to explore and expand its capabilities, providing 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 worldwide will benefit greatly from these three individuals’ ingenuity and expertise in software and hardware design and operations. I’m pleased with our strategic decision to sell the product line to this dedicated team.” This impending purchase agreement will allow Christie to streamline and re-focus on its core strengths, driving innovation and growth in its primary markets.
