On2 Technologies
| On2 Technologies
|
|
|---|---|
 |
|
| legal form | Incorporated |
| founding | 1999 |
| Seat |
New York City , New York , United States
|
| management | Matthew C. Frost Tim Reusing |
| Branch | software |
| Website | www.on2.com |
On2 Technologies , formerly The Duck Corporation , was a small NYSE Amex -based software company based in Tarrytown, New York that developed and licensed a range of video codecs and formats called TrueMotion from 1992 to 2009 . Incarnations of this include VP3, the basis of the free format Theora , the format ( VP6 ) introduced by Adobe Flash in version 8 for Flash video and the video formats (VP5 and VP6) intended for the Chinese Enhanced Versatile Disc (EVD).
history
The Duck Corporation was founded in 1992 by Dan Miller, Victor Yurkovsky and Stan Marder in New York City. Within a few years, Eric Ameres established the current headquarters in the capital region in the northern hinterland of New York State. In 1996, a research and development department was opened in Clifton Park . In 1999, The Duck Corporation merged with Applied Capital Funding, Inc., a public company listed on the American Stock Exchange. The new group was then named On2.com ; later it was renamed to the current name On2 Technologies ( traded on the stock exchange as ONT ). On April 5, 2005, the purchase of the Flix Flash Video Encoder from Wildform, Inc. was announced. On2 added support for the Flash 8 video format (VP6) to the product. The Flix 8 equipped with it was then released on September 13, 2005. In 2008 the company headquarters was relocated to Clifton Park to the local research and development department.
After using On2 products since 2005, Google began talks with On2 in March 2009 about a possible takeover of the company; In August, the first purchase offer for the takeover was announced, which initially failed due to resistance from the shareholders. At that time the company had between 75 and 80 employees worldwide. After Google's purchase offer was increased to around $ 134 million, the purchase was finally completed on February 19, 2010 after months of negotiations. At its developer conference Google I / O at the end of May 2010, Google placed the current On2 codec VP8 under an open source license.
Individual evidence
- ↑ a b c http://www.bizjournals.com/albany/stories/2009/08/03/daily19.html
- ↑ Announcement on the history of the takeover of On2 by Google (English, advertising heavy)
- ↑ heise announcement on the conclusion of the sale of On2 to Google
- ↑ Google I / O: "Open Web Media Project" to establish VP8 as the video standard for the web , May 19, 2010