BEAVERTON, Oregon — Biamp, a supplier of professional audio and video solutions based in Beaverton, Oregon, has announced the acquisition of Cambridge Sound Management (CSM) from Gladstone Investment Corp.
Headquartered in Waltham, Massachusetts, CSM provides sound masking technology.
Biamp says CSM is the only provider of direct and in-plenum sound masking solutions, distinguishing it from competitors and supporting its ascension to the most recognizable and frequently installed sound masking brand.
CSM has approximately 50-percent market share and more than 20,000 installations. Its solutions have broad application across market segments including corporate, healthcare, financial services, education, government, technology and retail.
CSM sells through a network of integrators, many of which are identical to Biamp’s, which allows a straightforward and speedy combination and expansion of both entities’ distribution networks.
Biamp president, CEO, and co-chairman Rashid Skaf said in a prepared statement, “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!”