Breaking News: SSL Purchased
Jul 1, 2005 12:00 PM, Compiled by Sarah Benzuly
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Musician/technologist Peter Gabriel (pictured) and broadcast industry entrepreneur David Engelke are in the final stages of purchasing Solid State Logic; a short statement was issued at the recent AES Barcelona convention. SSL has been offered for sale since February 2005.
photo: Arnold Newman
The deal was due to close at press time, and the principals were reluctant to say much until the official announcement. However, what they would say is that they are “investing to grow the company.” SSL managing director Colin Pringle said that he felt “very positive about the future” under the new ownership.
Gabriel has invested in a number of technology ventures in the past, most recently as co-founder of OD2 (On Demand Distribution). Engelke founded the DES broadcast video business, which was subsequently bought by Montage and then sold both companies to Pinnacle.
For more information, visit www.solid-state-logic.com.
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