Shure, a global leader in audio technology, has acquired California-based Midas Technology, Inc, also known as Stem Audio, specialists in providing a suite of audio conferencing products including table, ceiling and wall microphones, loudspeakers, control interfaces and hubs.
With the acquisition of Stem Audio, Shure will be able to further expand and diversify its solution offering for organisations of all sizes, while Stem Audio will benefit from the robust global infrastructure and support capabilities that Shure provides.
“We both believe in ecosystems,” said Chris Schyvnick, president and CEO, Shure. “Working together, we aim to provide customers with better options to deploy great audio in more spaces, more cost effectively, and more quickly. Shure and Stem Audio understand the importance of good quality audio and taking care of customers, so this acquisition is a great fit for both organisations.”
Jacob Marash, CEO and founder, Stem Audio, added: “We’re thrilled to be joining a company with an unrivalled pedigree and history in manufacturing audio products. Shure’s scale and global reach will help make Stem Audio products more available to customers, providing improved value, quality and support.”
Shure and Stem Audio will continue to operate separately as integration plans for sales and support are finalised. Future plans for the respective product portfolios will be shared later. In the meantime, customers will continue to buy and receive support for Stem Audio products from Stem Audio’s current channels. The acquisition also includes Midas’ Phoenix Audio Technologies brand.