Biamp has acquired Cambridge Sound Management (CSM) from Gladstone Investment Corp. Headquartered in Waltham, MA, CSM is a leading brand in the sound masking market.
CSM provides direct and in-plenum sound masking solutions, with approximately 50 per cent market share and more than 20,000 installations. CSM systems are being put to work at organizations of all sizes and types including over half of Fortune 100 companies that look to the company to manage sound effectively and create satisfying working conditions within dense open office environments and other settings. Its solutions have broad application across market segments including corporate, healthcare, financial services, education, government, technology, and retail.
Biamp President, CEO, and co-Chairman Rashid Skaf says, "The acquisition of Cambridge Sound Management unites two great brands in the professional audiovisual market. Together, we offer customers better access to industry leading solutions that manage sound and video to address a wide array of modern communications and collaboration challenges. It has been just one year since I led the acquisition of Biamp with Highlander Partners with the stated intent of leveraging it as a platform to build a respected provider of comprehensive audiovisual solutions. This transaction is the first evidence of that strategy being implemented but far from the last. Biamp is on the move!"
Biamp creates professional audio systems for business, education, and government facilities. Under Skaf's direction, the company has charted an aggressive growth strategy that, it says, blends organic product line and distribution expansion with entry into new markets via acquisition. The addition of CSM is the first realization of the second part of that strategy and a significant commitment to a new solution category. Biamp currently offers a range of audiovisual solutions that facilitate communication and collaboration in conference rooms, lecture halls, auditoria, as well as paging and notification for open areas like offices, concourses, retail centers, and casinos. CSM adds an important new sound masking offering for these open areas that integrates naturally with Biamp's solutions technologically and operationally. Users buying from Biamp will now get both capabilities within a single integrated platform that provides more functionality with improved reliability, ease-of-use, and cost effectiveness.
CSM will join Biamp as a product family within the company's portfolio, with business functions gradually being blended to form a single Biamp business.
For more information, go to www.biamp.com.