Recording

Digigram Completes Acquisition of InnovaSon

Digigram announced today that it has completed the acquisition of French-based InnovaSon, a manufacturer of digital audio mixing consoles for sound reinforcement 7/16/2002 8:00 AM Eastern

Digigram announced today that it has completed the acquisition of French-based InnovaSon, a manufacturer of digital audio mixing consoles for sound reinforcement in live performances.

The deal completes a move made by Digigram when it acquired a 44.76% stake in InnovaSon in January 2001; Digigram now owns 100% of InnovaSon.

InnovaSon will maintain its identity and commercial autonomy within the Digigram group. InnovaSon products will continue to be distributed by the company's established network, while Digigram will provide sales support in markets that the company has yet to penetrate. InnovaSon's current management remains in place, with Philippe Royer as managing director for sales and marketing and Gérard Malvot as technical director. Both are co-founders of InnovaSon.

"We think that this acquisition will lead to the development of technological synergies, particularly with the transfer of skills and the release of new products under the InnovaSon brand name," said Digigram managing director Philippe Delacroix. "In the near future, you might see InnovaSon consoles that are compatible with Digigram's EtherSound technology."

"Joining the Digigram group provides us with the additional resources to fulfill our product development and process industrialization ambitions," commented Royer. "While many professional users have validated our technology, digitalization of live sound is still in its infancy and there are many opportunities ahead for us."

Visit Digigram online at www.digigram.com or InnovaSon at www.innovason.com.