Soundcast, a marketer of primarily wireless outdoor speaker products, announced on Tuesday that it has been acquired by Hancock Park Associates, a private equity company out of Los Angeles, with offices in Houston and Denver. The announcement says that the new owners have also appointed The OAC Group “to manage and run Soundcast.”
Only weeks after reporting of the triumphant return of Oscar Ciornei to Russound, a company for which he was once COO earlier in his career, news comes to us that the parties have agreed to part company. A swift and surprising development – the company says the reason for the mutually agreed-upon separation was an emerging conflict with an existing client. However, we have received reports that suggest other issues may have also been a factor.
Only one month on the job, what went wrong?… [Read more…] about Four Weeks Later, The OAC Group and Russound Call Off Agreement
<May 16, 2012> Russound announced today that it has retained the OAC Group to work with the company on a variety of product and marketing projects. The announcement follows the company’s recent divestiture of Colorado vNet – selling it to Russound’s former Vice President of Sales Mike Anderson. But the development is most notable for what it appears to represent – the triumphant return of Oscar Ciornei to Russound. [Read more…] about Ciornei Makes Triumphant Return to Russound