Biamp has announced that it has agreed to acquire the assets of ClearOne.
The acquisition will give the AV provider access to ClearOne’s intellectual property (IP) and brands.
“Bringing these assets into Biamp strengthens our already deep audio engineering foundation and will enhance future product innovations across our portfolio,”
Rashid Skaf, Biamp President, CEO, and Co-Chairman, said.
Examining the Acquisition
ClearOne provides conferencing, collaboration, and streaming solutions for businesses and institutions, including AV equipment and software.
Its product range includes video conferencing systems, interactive displays, and networked audio systems designed to enhance communication and collaboration in environments such as conference rooms, classrooms, and telemedicine facilities.
Biamp’s acquisition gives it access to these assets and product inventory, including designs and several patents associated with beamforming microphone arrays and related audio signal-processing innovations.
The acquisition also provides Biamp with access to ClearOne customer data, among other assets.
However, books and records of ClearOne’s parent company, the equity of any of the sellers or their subsidiaries, and a number of other assets of ClearOne’s parent public company are excluded from the deal.
This is because ClearOne will continue to exist following the acquisition.
“ClearOne will continue to exist as a public company after this asset sale,”
Derek Graham, CEO of ClearOne, said.
“We believe that this asset sale is the best way to maximize value for current shareholders while allowing the company to pivot to take advantage of new business opportunities in the future.”
Product warranty and support operations are also excluded from the transaction. Biamp will not assume any obligations to continue selling, supporting, or developing ClearOne-branded products as a result of this acquisition.
Biamp IP Acquisition
Biamp’s stated goal for the acquisition is to integrate selected IP and designs into future Biamp solutions.
The timeline for implementation remains unclear, as does whether the focus will be on hardware for future products or software updates for current offerings.
No date has been confirmed for when the sale will go ahead, although the agreement is definitive.
