Strategy in TECH...
Well-known Denver, CO-based custom integration dealer ListenUp announced that it has acquired Timberline Audio Video based in Loveland, Colorado. This is now the fifth location for the company as it continues to grow its regional footprint, expanding its ability to serve even more clients throughout Northern Colorado and Southern Wyoming.
Masimo Corporation (Nasdaq: MASI) latest filing with the SEC continues to project an undeniable shift in style that is sure to please investors. The filing, a Schedule 14A (DEF14A) filing with information for shareholders in advance of the April 29, 2025, Annual Meeting of Stockholders, is absolutely stuffed with information on its new management, new goals, new policies, and new shareholder-friendly approach to running this business.
It also had plenty of tasty tidbits for those curious as to what is going on at the company.
On Monday, March 31, 2025, Voxx International Corp. held a special meeting of stockholders who voted “overwhelmingly” in favor of the final closing of its acquisition by auto parts maker Gentex. According to an announcement by the company, “With all regulatory and stockholder approval obtained and all closing conditions met” the transaction is now closed and Gentex now owns Voxx lock, stock, and barrel.
Carrollton, TX-based commercial solutions provider SAVI Controls and South Jordan, UT-based residential smart home-as-a-service (SHaaS) provider Oliver IQ announced today they were entering into a “strategic merger.” The merged entity will now be known as SAVI iQ and seeks to be the “first AI-driven, cloud-based automation and support platform for commercial and residential markets, engineered to accelerate growth for integrators and service providers.”
Surprising news out of South Korea reported just today – Samsung Electronics CEO and Vice Chairman Han Jong-hee died on Tuesday morning of cardiac arrest, the company confirmed. He was just 63 years old.
Recent developments and reporting within the last week seem to suggest that Sonos, Inc. (Nasdaq: SONO) is adrift and directionless as its new Interim CEO tries to right the ship. It has even canceled its next big product introduction. Is the company flailing? Or is it finally getting its act together?
Premium Audio Company (PAC), a subsidiary of Voxx International Corporation (Nasdaq: VOXX) and soon to be a subsidiary of Gentex Corp. (Nasdaq: GNTX), announced that it is entering into a “strategic partnership” with the National Alliance of Trade Merchants (NATM). PAC calls NATM “a leading national buying co-op of top independent retailers in the United States.” The move appears to be a pretty transparent effort to replace sales volume lost when major buying group ProSource dropped all PAC brands from its list of supported products.
Is this new partnership a good alternative? Read on…
On Tuesday, New York University (NYU) and Sony Corporation announced a new partnership to establish the Sony Audio Institute, which is “…a multifaceted partnership at NYU’s Steinhardt School of Culture, Education and Human Development.” Sony has donated $7.5 million to create the institute, which is expected to launch this spring.
There is a major shakeup in the executive management team at Sony Group that will take effect at the beginning of the next fiscal year, which, as is true for most Japanese companies, starts on April 1, 2025. These are big changes to important roles, including Chief Executive Officer, Chief Financial Officer, and President.
But the change that most Sony employees are buzzing about is the person that was named as its new CFO.
On Monday, Sonos, Inc. (Nasdaq: SONO), in a filing with the Securities and Exchange Commission (SEC), revealed that Deirdre Findlay, Sonos Chief Commercial Officer, had resigned from her position with the company on February 19, 2025. This is yet another top executive, in this case, a top marketing position, to leave the company.
