SPL Integrated Solutions Receives Investment

Jan 5, 2004 12:00 PM, Editors

Polls


Education Guide

Mix is gearing up to present its longstanding annual Audio Education Guide in its November 2014 issue. Want to have your school listed in the directory, or do you need to update your current directory listing? Add an image, program description, or a logo to your listing! Get your school in the Mix Education Guide 2014.

SPL Integrated Solutions announced that it has received a $7 million cash infusion from Boston Ventures Ltd., as part of an overall refinancing to fund the company’s growth during the next five years. Boston Ventures also committed an additional $5 million that can be drawn down in 2004. Boston Ventures is a large, private equity fund located in Boston, Mass. The firm made an initial equity stake in SPL in 2001 when SPL split from Production Resources.

Dennis Cahill, representing Boston Ventures, said, "I personally spent several weeks doing an in-depth analysis of the company and the audio and video integration industry. I am convinced that our increased investment in SPL will serve us well over the coming years. The A/V industry is ready for a rebirth due to the significant improvements in videoconferencing technology. The technology now supports voice, data and video over IP converged networks and will lead to enormous cost savings for Fortune 1000 companies. No company is better positioned to take advantage of this growth than SPL. SPL's national footprint is a tremendous advantage, and their leading engineering and integration capabilities are unsurpassed."

Chad Gillenwater, president and CEO of SPL, commented, "This is not only good for SPL, but it is a positive sign for our industry. When investment is flowing into an industry, it means growth, jobs and prosperity are not far behind. SPL has been able to grow and be profitable in every year we have been in business, but the last two have been difficult for everyone. With this additional working capital, we can expand our operations by increasing the quantity and quality of the services we provide to our clients."

For more information about SPL, visit www.splis.com. Visit Boston Ventures Ltd. at www.bostonventures.com.






Acceptable Use Policy
blog comments powered by Disqus

Mix Books

Modern Recording and Mixing

This 2-DVD set will show you how the best in the music industry set up a studio to make world-class records. Regardless of what gear you are using, the information you'll find here will allow you to take advantage of decades of expert knowledge. Order now $39.95

Mastering Cubase 4

Electronic Musician magazine and Thomson Course Technology PTR have joined forces again to create the second volume in their Personal Studio Series, Mastering Steinberg's Cubase(tm). Edited and produced by the staff of Electronic Musician, this special issue is not only a must-read for users of Cubase(tm) software, but it also delivers essential information for anyone recording/producing music in a personal-studio. Order now $12.95

Newsletters

MixLine

Delivered straight to your inbox every other week, MixLine takes you straight into the studio, with new product announcements, industry news, upcoming events, recent recording/post projects and much more. Click here to read the latest edition; sign up here.

MixLine Live

Delivered straight to your inbox every other week, MixLine Live takes you on the road with today's hottest tours, new sound reinforcement professional products, recent installs, industry news and much more. Click here to read the latest edition; sign up here.

[an error occurred while processing this directive]

The Wire, a virtual press conference offering postings of the latest gear and music news, direct from the source. Visit the The Wire for the latest press postings.