10.13.2004 01:12 PM
ISIS Group Acquires Graham-Patten Systems
New York, NY--ISIS Group has acquired Graham-Patten Systems (GPS) from Klotz Digital America. Under the agreement, ISIS Group, a manufacturer of professional video and audio equipment, will assume all assets and the current employees of Graham-Patten Systems, a manufacturer of audio equipment for the post production and television industries.
Graham-Patten Systems will be co-located with ISIS Group in Grass Valley, CA. This newly formed division of ISIS Group will continue to produce its existing range of products. According to ISIS, there will be a "strong" emphasis on the development of Graham-Patten Systems' next generation of audio mixing, conversion, and distribution products targeted to meet current and future market needs.
"We respect the fact that GPS has a loyal customer base and world-wide distribution network," said Tom Vick, general manager of Graham-Patten. "That loyalty is of great value and we have already received enthusiastic support for this fit and we are all committed to providing our customers and distributors with the best possible service."
"This is a great merger for both companies," said ISIS CEO Steven Block. "It will add strength to both since we are in the same industry doing what we know best. A more fundamental reason for this acquisition is that our personal and business values mesh so well. We are particularly pleased that we have been able to save the GPS employees' jobs. Our goal now is to return GPS to being a great supplier of audio equipment to the broadcast industry."