Bang & Olufsen is a Danish company that was founded in 1925 by Peter Bang and Svend Olufsen. The company's first successful product was a radio that worked with alternating currents. Peter Bang, an engineer and a businessman, concentrated on technology and innovation while Olufsen was responsible for the business aspect of the company. Today, Bang & Olufsen employs over 2,000 employees and sells its products to more than 1,000 dealers worldwide. Bang & Olufsen is popular for its high quality audio and video products. The company still prides itself for creating its products mostly by hand.