Emerald, the exposition company that owns CEDIA Expo, announced this week that they will again field a TechStarter competition at CEDIA Expo 2021. TechStarter, the show says, is sort of a tech-specific version of ABCs Shark Tank show, where exhibitors in the show’s “Launchpad” section – the section that used to be known as Innovation Alley – get to pitch their business models to the judges (comprised of top industry executives) in the hopes of being selected as one of the TechStarter FIVE.
Moody’s Investors Service, one of the top global credit and bond rating agencies, announced last week that it has raised the credit rating on Wirepath LLC (dba Snap One) based on its successful completion of an initial public offering of shares of the company’s stock. This is good news for Snap One and potential investors.
Learn more about the new Snap One credit rating by Moody’s[Read more…] about Moody’s Raises Snap One’s Credit Rating in Wake of Its Successful IPO
Last Friday, Amazon founder and now former CEO Jeff Bezos woke up the richest man in the world. He has been the richest man in the world for quite some time now. Yet when he went to bed Friday evening, he was no longer. And the reason that’s so should serve as a warning to you and all of us in the tech biz in 2021.
See why you should take warning from the Jeff Bezos situation[Read more…] about Amazon Founder Bezos No Longer the World’s Richest; You Should Be Concerned
Known for His Unique Blend of Hustle and Humanity
Jeff Caton, CEO of High-Tech Network, died suddenly at his home in Norris, Tennessee on Saturday, July 31st. He was just 62-years-old. Caton, one of the most respected manufacturer sales representatives in the Southeast region, was widely known for his unique blend of hustle and humanity.
See more on the passing of Jeff Caton[Read more…] about Top Tech Sales Rep Jeff Caton Dies
On Eve of CEDIA Expo, Show Owner Admits Reduced Attendance at ‘Near-Term Events’
Emerald Holding, Inc. (NYSE:EEX), owner of the CEDIA Expo show, reported its results for the second quarter of fiscal 2021 confirming that the company lost $46.5 million in the quarter as it continues to struggle with the impact of COVID-19. Clearly, the pandemic slammed the live event and exposition industry and even as coronavirus begins to wane, the industry is finding it difficult to return to normal.
See more on the results for Emerald in the quarter[Read more…] about Still Sick with COVID, Emerald Says It Lost $46.5M in Fiscal 2nd Quarter
By now, you may have heard that Savant has acquired Racepoint Energy, LLC, which will now operate as Savant Power. In another post, I discuss this acquisition in a little more detail and interview Savant Power President Anna Demeo. Demeo is incredibly smart and because of this, it was one of my more challenging interviews – let’s just say you don’t want to take her on in a game of Scrabble. This is a big move by Savant and if you don’t look closely, you may miss the importance of what it potentially represents – a significant disruption of the power segment.
See the 3 reasons why Savant Power may disrupt the power segment…[Read more…] about Savant Power: 3 Reasons Why It Just Might Disrupt the Power Segment
Strata-gee Interviews Savant Power President Anna Demeo
Last week, Savant Systems, Inc. announced that it had acquired Racepoint Energy, LLC, a provider of innovative power solutions. What many people did not know was that Racepoint Energy was another venture launched by Savant CEO Bob Madonna, and was originally intended to be a freestanding solution – primarily targeted for commercial, industrial, and utility markets.
But then the world changed and it made sense for Savant to bring it under their residential automation brand.
See my interview with Savant Power President Anna Demeo…[Read more…] about Savant Power Play, Connecting Integrators to Power
Crestron announced on Monday that it was joining with members of the Bargetzi family to create the Fred Bargetzi Memorial Scholarship, created to honor the memory of the company’s much-beloved and long-time Chief Technology Officer Fred Bargetzi, who passed away in January of this year. The scholarship will be for select students of Bargetzi’s alma mater, the University at Buffalo, and will serve both “to empower students at the University at Buffalo to succeed in their education by removing barrier’s from their progress”…and to offer a lasting legacy of the CTO who was so meaningful to one of this industry’s greatest technology companies.
Learn more about the Fred Bargetzi Memorial Scholarship…[Read more…] about Crestron and Bargetzi Family Join to Create the Fred Bargetzi Memorial Scholarship
In 2020, Company Revenues Grew 37.8% to $814.1M But With a Net Loss of $25.2M
Snap One Holdings Corp (Snap One) – formerly SnapAV – has filed an S-1 registration with the Securities and Exchange Commission (SEC) in preparation for an initial public offering (IPO) of its stock on a public exchange. In this S-1 filing, we learn much about the company’s current position and what its plan is to grow the operation to even loftier heights.
See more on the Snap One S-1 registration…[Read more…] about Snap One Files for an IPO Laying Out Its Strategy for Growth & Perhaps Profit
AudioControl announced this week that it has released certified drivers for Crestron Home for its line of specialty electronics. This news means that the company’s products, already popular in home automation systems, will now integrate into the rapidly expanding Crestron Home ecosystem.