Shure has acquired California-based Midas Technology Inc (also known as Stem Audio), which specialises in products including table, ceiling and wall microphones, loudspeakers, control interfaces and hubs. Shure intends the acquisition to expand and diversify its conference systems for organisations of all sizes, while Stem Audio benefits from Shure’s global infrastructure and support.
‘We both believe in ecosystems,’ says Shure President and CEO, Chris Schyvnick. ‘Working together, we aim to provide customers with better options to deploy great audio in more spaces, more cost effectively, and more quickly. Shure and Stem Audio understand the importance of good quality audio and taking care of customers, so this acquisition is a great fit for both organisations.’
The addition of the Stem Audio line complements Shure’s product offering and provides a greater choice of products as needs evolve – from a build-your-own-room assignment to an ‘I need a professional integrator’ project.
‘Shure’s scale and global reach will help make Stem Audio products more available to customers, providing improved value, quality and support,’ says Stem Audio CEO and founder, Jacob Marash.
Stem Audio’s RoomDesign tool and networked installation make it a solution that can be installed by anyone. With technology that customises each device’s performance to the acoustics of a room, audio pickup heat mapping, and a built-in management platform, Stem Audio’s ecosystem can fit into many enterprise environments.
Shure and Stem Audio will continue to operate separately as integration plans for sales and support are finalised; plans for the respective product portfolios will be announced later. In the meantime, customers will continue receive support for Stem Audio products through current channels, including StemAudio.com in the US market.
This acquisition also includes Midas’ Phoenix Audio Technologies brand.
More: http://stemaudio.com