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.
By SP&T Staff
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!”