twice connect
careers

Russound Acquires Colorado vNet

10/19/2009 05:40:48 PM Eastern

Newmarket, N.H.
- Russound completed its acquisition of Colorado
vNet and vowed to maintain the vNet brand and keep its distribution separate.

Russound CEO Charlie Porritt, however, said Russound is open
to "other economies of scale that
can be gained by sharing resources for the two brands." Engineering resources,
for example, might be shared to develop products for both brands, and although
there are no immediate plans to merge the companies' technical support and
training programs, Russound is exploring the potential for such synergies in
the near future, the company added.

"One of the
most exciting aspects of this acquisition is how it opens the door for true
collaboration between the two companies," said Porritt. "Between Russound's
audio expertise and Colorado
vNet's leadership in automation and integration technologies, we will be able
to develop products that will simplify and ultimately redefine the market for
whole-house entertainment and control solutions."

Colorado
vNet, the manufacturer of IP-based multi-room-A/V and home-control systems,
shut down late last month for lack of funding. Since then, the company
entertained proposals from prospective investors to restart operations.

The acquisition
gives Russound, the supplier of multi-room-A/V systems, an entre into systems
that integrate the control of multiple home systems, including lighting.

PHOTOS
NATM Annual Meeting

Besides the usual business of planning out the

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in