Beaverton, OR (December 20, 2018)—Biamp has acquired Waltham, MA-based Cambridge Sound Management, which produces direct and in-plenum sound masking solutions.
Purchased from Gladstone Investment Corp., Cambridge Sound Management (CSM) reportedly has 50-percent market share and more than 20,000 installations in its field. CSM systems are used for numerous market segments including corporate, healthcare, financial services, education, government, technology, and retail.
CSM sells through a network of integrators for its distribution; as that model and many of the integrators themselves are identical to Biamp’s, the two companies expect a speedy combination and expansion of both entities’ distribution networks.
Biamp President, CEO, and co-Chairman Rashid Skaf remarked, “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.”
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.
Highlander Partners • www.highlander-partners.com
Biamp Systems, LLC i• www.biamp.com