Clarity Visual Systems Broadens International Expansion with Synelec Acquisition.
WILSONVILLE, Ore. -- The acquisition of the digital display manufacturer in France allows Clarity to accelerate its strategy to gain market share in Europe and around the world
Clarity Visual Systems today announced it has acquired the international assets of Synelec Telecom Multimedia S.A., a digital display company based in France. The Synelec purchase adds depth to Clarity's digital imaging product line and expands its engineering, sales and distribution resources that will position Clarity as the worldwide leader in digital messaging solutions. Terms of the deal were not disclosed.
Clarity's purchase of Synelec (www.synelec.com) assets, a business with $30 million in reported revenue in 2004, includes its headquarters facility in southwestern France and approximately 70 employees, pushing Clarity's total employee count to 185 worldwide. The purchase adds over 1,200 display system installation sites around the globe to Clarity's installed customer base including such high-profile installations as the NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Madrid Metro The Madrid Metro is the large metro system serving the city of Madrid. It is one of the largest metro systems in the world, which is especially remarkable considering Madrid's population of approximately 3.5 million (Madrid city) to 6 million (metropolitan area). in Spain, SNCF SNCF Société Nationale des Chemins de fer Français (French National Railways)
SNCF Sans Nous les Cafés Ferment (French) Railway in France and NTT DoCoMo (NTT Mobile Communications Network, Inc., Japan) Founded in 1991, NTT DoCoMo is a spinoff of Japan's NTT (Nippon Telegraph and Telephone Corporation) which provides wireless services, including cellular, paging, satellite and maritime and in-flight telephone services. in Japan. It also further strengthens Clarity's worldwide presence in command and control environments, those where businesses, organizations and government entities rely on large displays to manage their networks and operations.
"This acquisition expands our market share globally and allows us to aggressively penetrate high end control room markets where Synelec has been so successful -- in transportation , telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and utilities," said Paul Gulick, chief executive officer of Clarity. "As we integrate the strengths of a well-known, European-based company, we will be better equipped to deliver complete solutions to our digital visual messaging customers worldwide."
Gulick said initially both companies would continue to market their respective product lines through established channels. Over time, Clarity will look for opportunities to integrate the brands and product lines to take advantage of synergies as they emerge.
"There is a natural synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between our two companies because of our shared history of innovation," said Gil Souviron, former chief executive officer of Synelec. "This acquisition should assure our customers we will expand our offerings, continue to provide and support high-quality products and will make certain that our business partners have our complete and even better worldwide support for their efforts to sell our products in a global marketplace."
Clarity plans to maintain Synelec technical and sales offices and intends to retain a majority of the Synelec team including Souviron. With the acquisition, Clarity will add international sales offices in France, Italy, and China to its offices in the Netherlands and the United Kingdom. It will maintain Clarity company headquarters near Portland, Ore.
In March, Clarity announced the acquisition of CoolSign, a 25-person enterprise software company located near San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . CoolSign, (www.coolsign.com) provides software for, designs and produces full-motion, high definition digital content for networked digital display systems.
Founded in France in 1986, Synelec Telecom Multimedia S.A. has a global installed base of more than 1,200 control room and corporate communication systems including display devices, controllers, software and control-room solutions, largely found in command and control environments in government, telecommunication, utilities and transportation venues. Synelec was previously a publicly held company listed on the Nouveau Marche Nouveau Marche
An equity market unit of the Paris Bourse that deals solely in innovative, high-growth companies. of the Paris Stock Exchange.
About Clarity Visual Systems
Established in 1995, Clarity Visual Systems provides large-scale display systems to support the digital messaging application needs of business, government and other institutions worldwide. The privately held company privately held company
A firm whose shares are held within a relatively small circle of owners and are not traded publicly. is headquartered in Wilsonville, Ore. and sells through selected value added reseller See VAR.
(company) value added reseller - (VAR, or "value added retailer") A company which sells something (e.g. computers) made by another company (an OEM) with extra components added (e.g. specialist software). partners. It holds numerous display technology development patents. For more information, call 503-570-0700 or go to: www.clarityvisual.com.