DALLAS, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Biamp Systems today announced that effective immediately, longtime AV industry executive Rashid Skaf is assuming the role of president, CEO, and co-chairman for the Beaverton, Oregon company. Matt Czyzewski, previous president and CEO of Biamp, will remain as executive vice president of technology. This appointment is concurrent with the completion of the acquisition of Biamp Systems by Highlander Partners from previous owner Lomar Corporation. Lomar will retain a minority investment in Biamp.
Skaf is a well-recognized and respected figure within the professional AV industry. He is best known for his 15 years at the helm of AMX, a pioneer in professional AV and control systems that he grew to become one of the industry’s largest participants and most respected brands. He sold AMX to Harman Industries in 2014 and, after a brief transition period, left to serve as an advisor to various investment groups. He eventually joined one of these firms, Highlander Partners, where he serves as a senior advisor. Highlander Partners is a Dallas-based private equity company with over $1.4 billion under management. Skaf joined Highlander to identify candidate technology companies and Biamp is the first investment borne from that initiative.
Skaf commented, “I’m extremely excited to have the opportunity to join another truly iconic brand in the AV industry. Even while CEO of AMX, I was intimately familiar with Biamp and developed deep respect for its products, brand, and organization. So much so that I sought to acquire the company several times over the past 10 years. I’m delighted to have the opportunity to join and lead the Biamp team. I have no doubt that together we will usher Biamp into an exciting new period of growth and industry leadership that will benefit the company and its employees and channel partners.”
Mike Nicolais, vice chairman and CEO of Highlander Partners stated, "Highlander’s investment philosophy is to buy and build. It seeks to build value in enterprises by finding well run, profitable businesses in healthy industries that have the potential for significant future growth through both organic expansion of the existing business and strategic additions of complementary acquisitions. Biamp is an excellent platform company to implement that same strategy in its industry."
Skaf added, “Biamp is one of the most successful professional audio management companies in the world. Despite its undeniable leadership position, I see clear opportunities to grow market share of its current products and expand into new markets through an aggressive program of internal development and company acquisition. I will soon reach out to the many excellent suppliers and industry partners Biamp works with today, and those others I worked with in the past, to build a passionate community committed to meeting mutual growth objectives. I consider the excellence of our extended community of partners to be a critical factor in the future success of Biamp.”
More information on Biamp’s full product portfolio is available at www.biamp.com.
About Biamp Systems
Biamp Systems is a leading provider of innovative, networked media systems that power the world’s most sophisticated audio/video installations. The company is recognized worldwide for delivering high-quality products and backing each one with a commitment to exceptional customer service.
Biamp is dedicated to creating products that drive the evolution of communication through sight and sound. The award-winning Biamp product suite includes: Tesira® media system for digital audio and video networking, Devio® collaboration tool for modern workplaces, Audia® digital audio platform, Nexia® digital signal processors, and Vocia® networked public address and voice evacuation system. Each has its own specific feature set that can be customized and integrated in a wide range of applications, including corporate boardrooms, conference centers, huddle rooms, performing arts venues, courtrooms, hospitals, transportation hubs, campuses, and multi-building facilities.
Founded in 1976, Biamp is headquartered in Beaverton, Oregon, USA, with additional engineering operations in Brisbane, Australia, and Rochester, New York. For more information on Biamp, please visit www.biamp.com.
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with over $1.4 billion of assets under management. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, chemicals, building materials, consumer products, and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions. For more information, visit www.highlander-partners.com.
Photo Link: www.ingearpr.com/Biamp/Biamp-Rashid_Skaf.jpg
Photo Caption: Rashid Skaf, President, CEO, and Co-chairman at Biamp Systems
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Source:Biamp Systems Corporation