Canopus ProCoder 1.2 was released in 2002,[3] Canopus ProCoder 1.5 in 2003 and Canopus ProCoder 2 in 2004.[4][5] In 2005 Thomson Multimedia acquired Canopus in order to bolster their Grass Valley broadcasting and network market.[6][7] As of 2009[update] ProCoder is offered as a part of Thomson Grass Valley video products under the name Grass Valley ProCoder.[8] Grass Valley ProCoder 3.0 was released in 2007.[9][10][11]