Loyd Ivey and Hardy Martin announce the merger of their two companies, Atlas Sound, founded in 1934, and Innovative Electronic Designs (IED), founded in 1978. IED, based in Louisville, Ky., manufactures audio and visual communications management systems and components. Atlas Sound, based in Phoenix, Ariz., is a leader in high performance audio for commercial applications.
“No two companies are closer in culture than IED and Atlas Sound,” says Ivey, founder and CEO of Mitek, parent company of Atlas Sound. “We are merging two dynamic companies, with similar core competencies and similar value systems. The merger will allow us to become a global leader in communications systems. I am happy to join forces with the crew at IED to become modern-day ‘Davids’ against the global Goliaths of today’s communications industry. ”
IED president Martin stated, “We are very excited to merge IED with Atlas Sound to combine the best practices of both our companies. The manufacturing proficiency of Mitek combined with the integrated audio and visual communications expertise of IED will be an incredible combination. As partners, IED and Atlas Sound can move to the next level of communications systems design.”
IED and Atlas Sound will be part of the newly formed Mitek High Performance Communications Group. Mitek Corporation also owns the consumer audio brands MTX, DCM, Coustic, StreetWires, Re-Q and Xtant.
The two companies will continue to operate independently, with no changes in management, staffing or daily operations. “It’s business as usual,” says Martin. “The operation of Mitek matches very well with our philosophies at IED, and we are confident that the merger will be smooth and seamless for our customers.”
Pat Brown of Syn-Aud-Con commented, “The combined strengths of these two fine companies will enable them to provide sophisticated solutions to the most challenging sound reinforcement applications. This is a win-win for both IED and Atlas Sound.”
NSCA Executive Director Chuck Wilson added, “We work in a people-based industry. The quality people that make up Atlas Sound and IED really make this a great venture. Atlas Sound and IED are well situated to help grow the mass notification section of our industry.”