Clarity Visual Systems Inc. has announced the acquisition of the assets of the CoolSign software and services division from Adspace Networks Inc. for an undisclosed sum.
As part of the deal, Clarity will acquire CoolSign's enterprise software, a technology solution that delivers full-motion, high-definition, digital content for networked digital display systems, along with its enterprise sales, engineering, creative and client services teams located at CoolSign facilities in Burlingame, Calif. The purchase immediately adds over 3,000 digital signs to Clarity's installed customer base and provides an immediate presence in malls, theaters and other public advertising venues through the Adspace media network.
For Clarity's reseller partners, the combined expertise in audio visual hardware and new software and content solutions will allow them to more rapidly market digital signage solutions to their end users, the company reports.
Adspace Networks will continue to operate and grow their digital signage media business, which is currently nationally deployed in malls and theater chains. A supply agreement has been reached that positions Clarity as the preferred supplier of digital signage products and services to Adspace Networks.
Clarity expects to maintain the CoolSign brand and the enterprise operations in Burlingame, Calif., and will retain a majority of the CoolSign team.
Contact: www.clarityvisual.com
