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ClearOne Announces Acquisition of MagicBox, Inc.

ClearOne today announced its acquisition of MagicBox, Inc., part of the company’s strategy to capitalize on emerging market opportunities such as audio video, information technology, unified communications and traditional digital signage converge to meet enterprise and commercial multimedia needs.

The acquisition presents both companies with new global market opportunities and accelerated product development while also bringing economies of scale to MagicBox, which will be leveraged to execute go-to-market strategies.

“The combined expertise of the two companies brings to the market, the only complete, end-to-end digital signage content management and IP streaming solution,” said Zee Hakimoglu, chairman and CEO of ClearOne. “The MagicBox content management and control technology and their industry leading database integration software are the perfect compliments to ClearOne’s StreamNet(TM) systems.”

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