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Stampede Buys Spire Global

3/14/2011 11:18:13 AM Eastern
Amherst, N.Y. - Stampede, distributor of professional audio video (ProAV) solutions, has acquired Spire Global, the exclusive distributor of Sony video conferencing products in the U.S.

Financial terms of the acquisition were not disclosed.

Spire is also the exclusive master distributor for Compunetix video multiparty control units and MediaPointe video streaming technology. The company also distributes Mirial desktop video conferencing products.

"Acquiring Spire was a great opportunity to widen our product portfolio with an additional specialty that is meaningful to our dealer base," said Mark Wilkins, CEO of Stampede. "Our strategy is to look for additional acquisition opportunities that will strengthen our offering to dealers."

Spire will continue to exist as a dedicated business unit, the distributor said. Stampede will maintain a dedicated Sony video conferencing sales force, with the Spire Global staff to act as product experts to the Stampede sales people and existing accounts. Product and training classes specific to Sony video conferencing will be offered to dealers at all of Stampede's upcoming Big Book of AV dealer shows and through Stampede University, the company said.
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