TC Electronic was founded by two musician brothers, Kim, and John Rishøj. Their SCF, ("Stereo Chorus + Pitch Modulator & Flanger") was a successful early product. After initial success with guitar effect pedals, they developed 19" rack-mounted processors, including the TC2290 delay released in 1985. formed the current TC Group in 2002 after acquiring TGI plc. TGI consisted of Tannoy, GLL Goodman, Lab Gruppen and Martin Audio. Martin Audio was sold quickly after the merger and Goodman Loudspeakers closed. TC Works (software development), based in Germany, was once part of the TC group but reintegrated with TC Electronic in 2005. The current TC Group is a holding company of five individual brand companies consisting of Tannoy, (speakers and studio monitors), Lab Gruppen (amplifiers), TC Electronic, TC-Helicon harmonisers and vocal processors, and TC|Applied Technologies (digital-audio semiconductor development) and the sales-companies TC Group|International, TC Group|Americas, TC Group|Japan, TC Group|China, and TC Group|Middle East. TC Electronic also co-develops products with Dynaudio Acoustics (studio monitors) and their European sales arm TC Group|International distributes Blue Microphones outside of the US. In August 2015, the company was purchased by Music Group, a holding company chaired by Uli Behringer. The parent company has since been rebranded as Music Tribe