WiSA Technologies (NASDAQ: WISA), soon to rebrand as Datavault Inc., announced a definitive agreement to acquire CompuSystems, Inc. (“CSI”), a leading provider of registration and data analytics for live events. This acquisition aims to integrate CSI’s extensive event management expertise with Datavault’s ADIO® platform, creating opportunities to monetize event data through Web 3.0 technologies. CSI is projected to contribute $13–$15 million in revenue and $3–$4 million in EBITDA in 2025. The acquisition, expected to close by January 31, 2025, enhances WiSA’s ability to deliver advanced audio tours and sophisticated event solutions, while expanding its footprint in the global events industry.
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About WiSA Technologies Inc.
WiSA Technologies is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports and more. WiSA is a founding member of the Wireless Speaker and Audio Association (“WiSA”[TM]) whose mission is to define wireless audio interoperability standards as well as work with leading consumer electronics companies, technology providers, retailers and ecosystem partners to evangelize and market spatial audio technologies driven by WiSA Technologies. The company is headquartered in Beaverton, Oregon, with sales teams in Taiwan, China, Japan, Korea and California. For more information about the company, please visit www.WiSATechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to WISA are available in the company’s newsroom at https://ibn.fm/WISA
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