June 17, 2015 – NORTHRIDGE, CA – HARMAN International announced today that it has acquired SVSi, the leading maker of networked AV products. Based in Huntsville, Alabama, SVSi manufactures and sells an extensive portfolio of products for delivering a complete AV experience over an IP network. Included among these is a full range of high performance encoders and decoders, windowing/wall processors, an audio transceiver, video recorder, and management software. SVSi will join HARMAN Professional’s Video and Control Strategic Business Unit (SBU) led by Rashid Skaf and marketed under the AMX by HARMAN brand. Terms of the transaction were
“HARMAN was early to recognize the emergence and potential of AV over IP,” commented Blake Augsburger, President HARMAN Professional Division. “For more than six years, we have been steadily introducing new products to serve growing customer demand for IP-based products. With the acquisition of SVSi, we will accelerate our development plan with the addition of extraordinary expertise from the SVSi team.”
“As an independent company, SVSi has enjoyed tremendous success and acceptance of our networked AV solutions,” remarked Andy Whitehead, SVSi President and Founder. “Our products have been recognized with numerous industry awards and, more importantly, been
adopted by a wide number and variety of leading organizations in the entertainment, government, education, and corporate sectors. By joining forces with HARMAN, we can deliver the benefits of our solutions to more customers, faster than we could do on our own.”
SVSi products can be ordered immediately from all existing SVSi dealers or AMX dealers. More information on SVSi and its products can be found at www.amx.com/svsi or svsiav.com/.
HARMAN (harman.com) designs and engineers connected products and solutions for consumers, automakers, and enterprises worldwide, including audio, visual and infotainment systems; enterprise automation solutions; and software services. With leading brands including AKG®, Harman Kardon®, Infinity®, JBL®, Lexicon® , Mark Levinson ® and Revel®, HARMAN is admired by audiophiles, musicians and the entertainment venues where they perform around the world. HARMAN also is a technology and integration services leader for the Automotive, Mobile, Telecommunications and Enterprise markets. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. The Company’s software solutions power billions of mobile devices and systems that are connected, integrated, personalized, adaptive and secure across all platforms, from the work and home to car and mobile. HARMAN has a workforce of approximately 25,000 people across the Americas, Europe, and Asia and reported sales of $5.9 billion during the last 12 months ended March 31, 2015. The Company’s shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.