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You are here: Home / Archives for Management

Management

D-Day Arrives; Control4 Integrators Begin Turning Clients over to Snap One

April 24, 2024 by Ted Leave a Comment

On Tuesday this week, a previously announced program being offered by Snap One – now Resideo – has begun. This program, called Control4 Connect, is a mandatory program that requires all integrators to connect all new client installations of Control4 products directly to Snap One’s central station for future software updates and data collection.

It is a new kind of transactional connection that establishes a direct relationship with the client for direct-to-user system updates and base-level client support supplied – not by the local integrator – but by Control4 support.

See more on this new industry scheme

[Read more…] about D-Day Arrives; Control4 Integrators Begin Turning Clients over to Snap One

Filed Under: Brands, Dealers, Integrators, Management, Manufacturers, News, Strategy Tagged With: John Heyman, Resideo, SaaS, Snap One

Chris Kane of AudioControl is Promoted to Vice President for AV Pro Global

April 4, 2024 by Ted 1 Comment

Chris Kane of AudioControl is now VP of NA Residential Sales for AVPro Global

Chris Kane, long-time key executive at AudioControl has been promoted to Vice President of North American Residential Sales for AVPro Global. Sioux Falls, SD-based AVPro Global is a rapidly expanding manufacturer and distributor of top custom integration brands, such as AudioControl, AVPro Edge, Bullet Train, Murideo, and Then Audio.

See more on the advancement of Chris Kane

[Read more…] about Chris Kane of AudioControl is Promoted to Vice President for AV Pro Global

Filed Under: Management, Manufacturers, News, People Tagged With: AudioControl, AVPro Global, Chris Kane

Masimo Consumer Brand President & GM Joel Sietsema Exits Company

April 4, 2024 by Ted 2 Comments

Former Masimo Brand President Joel Sietsema

Change continues to come fast at Masimo Corporation as well-known and respected Brand President and General Manager Joel Sietsema announced on Tuesday that he was no longer with Masimo Consumer, the audio division of the company. This announcement, coming as it did without warning or explanation, raised a lot of eyebrows around the industry – with many reaching out to Strata-gee seeking context.

Here’s what I found out…

[Read more…] about Masimo Consumer Brand President & GM Joel Sietsema Exits Company

Filed Under: Management, News, People Tagged With: Joel Sietsema, Masimo, Masimo Consumer

Masimo Board ‘Authorizes’ Management to Prepare Spin-Off of Consumer Unit

March 22, 2024 by Ted 12 Comments

BREAKING NEWS

Masimo home page

In a release distributed late in the day on Friday after the close of financial markets, Masimo announced that the Board of Directors has “authorized” company management to prepare a spin-off of the company’s Consumer Business. Masimo Consumer is the business unit created when the company acquired Sound United in early 2022.

See more on Masimo spinning off the Consumer division

[Read more…] about Masimo Board ‘Authorizes’ Management to Prepare Spin-Off of Consumer Unit

Filed Under: Financial, Management, Manufacturers, Strategy Tagged With: Masimo, Sound United

Parasound CEO: Making Progress, But Wait Until You See What’s Coming

March 20, 2024 by Ted Leave a Comment

Title slide for Parasound Town Hall meeting

Company has Moved Its Headquarters to Las Vegas

Recently, Parasound conducted another online Town Hall meeting for dealers interested in learning more about the brand’s progress under the leadership of new owner, CEO David Sheriff. Held via Microsoft Teams on a recent Saturday to facilitate participation, it lasted an impressive 1¾ hours long with the majority of all participant questions answered.

See what CEO David Sheriff shared with Town Hall participants

[Read more…] about Parasound CEO: Making Progress, But Wait Until You See What’s Coming

Filed Under: Management, Manufacturers, News, Strategy Tagged With: David Sheriff, Parasound

Snap One Closes Out a Tough Year; They Say Next Year Will Be Better…Maybe

March 12, 2024 by Ted Leave a Comment

Cover page of Snap One Fiscal Q4 & FY 2023 results

Company Turns To Forced Client Fees to Improve Its Results

At the end of last week, Snap One Holdings Corporation [NASDAQ: SNPO] announced the results of its Fiscal Fourth Quarter and Full Year 2023. Much as we’ve seen quarter-by-quarter all year long, the company remained subsumed by a challenging “destocking” market, with Net Sales in Fiscal 2023 finishing down 5.6%, and its Net Loss last year increasing by another 146.3% this year. CEO John Heyman called it “another strong year.”

But was it truly “another strong year?”

See more details on the Snap One Fiscal 2023 performance

[Read more…] about Snap One Closes Out a Tough Year; They Say Next Year Will Be Better…Maybe

Filed Under: Financial, Management, Manufacturers Tagged With: Control4, John Heyman, Mike Carlet, Snap One

AudioControl Acquisition by AVPro Global – Seven Months Later

March 8, 2024 by Ted 1 Comment

It has been a bit of a rollercoaster ride for everyone at AudioControl over the last couple of years. The company, a leading specialty manufacturer of integrator-focused, high-quality audio electronics, has had three different owners in the last two years. Have they finally found their new home?

See my update on the AVPro Global acquisition of AudioControl

[Read more…] about AudioControl Acquisition by AVPro Global – Seven Months Later

Filed Under: Brands, Management, Manufacturers, Strategy Tagged With: acquisition, AudioControl, AVPro Global

Emerald, Owner of CEDIA Expo & CE Pro, Says 2023 Revenues Rise 17% but Profits Drop 102%

March 7, 2024 by Ted Leave a Comment

Emerald Holding, Inc. (NYSE: EEX), the parent company of Emerald Expositions, one of the country’s largest B2B tradeshow exposition companies, reported its Fiscal 2023 fourth quarter and full-year results. The results were mixed with full-year revenues growing by 17.5% compared to Fiscal 2022, but profits collapsing by 102% to a Net Loss.

Company management expressed extreme optimism on a call with financial analysts, but its stock value dropped dramatically the day it released these numbers.

Learn more about the Emerald Holding results for Fiscal 2023

[Read more…] about Emerald, Owner of CEDIA Expo & CE Pro, Says 2023 Revenues Rise 17% but Profits Drop 102%

Filed Under: Financial, Management, Media, News, Shows & Events Tagged With: earnings, EEX, Emerald

Masimo Fiscal 2023 Q4 & Full Year Results Show Continued Drop in Consumer Spending on Audio

February 29, 2024 by Ted Leave a Comment

Masimo Fiscal 2023 results

Masimo Corporation (Nasdaq: MASI) announced on Tuesday its financial results for the fourth quarter and full year of fiscal 2023, the period that ended December 30, 2023. Results were mixed with revenues down double digits in the quarter but flat for the year. But a more sobering picture emerged for the “non-healthcare” division, also known as Masimo Consumer, which is the division that was formed when the company acquired Sound United almost exactly two years ago.

Learn more about the Masimo results for fiscal 2023 and the fourth quarter

[Read more…] about Masimo Fiscal 2023 Q4 & Full Year Results Show Continued Drop in Consumer Spending on Audio

Filed Under: Financial, Management, Manufacturers Tagged With: Joe Kiani, Masimo, Sound United

Portal Inks Deals with Snap One & Sonos to Offer Proposal Software to Dealers for Free

February 15, 2024 by Ted Leave a Comment

Portal website home page with Snap One and Sonos logos

Portal, one of the custom integration industry’s most popular AV proposal & design software solutions used by thousands of custom integrators every day, has announced that they have struck a deal with two industry powerhouse brands – Snap One and Sonos – who will make the software available to their respective integration dealer bases. Both brands will underwrite the full monthly subscription cost for their dealers in an effort to help those integrators raise their level of professionalism, improve the efficiency of their operations, and increase their deal closing rates.

See more on the Portal program with both Sonos and Snap One

[Read more…] about Portal Inks Deals with Snap One & Sonos to Offer Proposal Software to Dealers for Free

Filed Under: Management, Manufacturers, News, Strategy Tagged With: Portal, proposal software, Snap One, Sonos

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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