Strategy in TECH...
In a note sent to dealers Friday, Sonos said that “after much deliberation” it has decided that it will no longer be participating in the CEDIA Expo 2021 as originally planned. Yet another in a line of exhibitors leaving the event, the company cited “the recent increases in COVID cases and the prevalence of the Delta variant.”
Strata-gee broke the news to the industry on Tuesday that Savant had announced they were pulling out of CEDIA Expo 2021 due to the surging COVID Delta variant putting employees and attendees at risk. Today, Snap One, another major CEDIA Expo exhibitor has made the same decision, pulling out of the event currently scheduled to launch in just about three weeks from now.
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.
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.
Recently, in a special Zoom presentation for Strata-gee by SnapAV executives Jeff Hindman (Chief Revenue Officer) and Kordon Vaughn (VP Marketing), I was about to learn about the company’s new brand strategy going forward. Ever since SnapAV acquired their largest division, Control4, there has been much speculation about how to address the market with two strong, well-known brands. I joked, “So what’s it going to be…ControlAV or Snap4?
It turns out I wasn’t that far off, as the executives shared with me that they would be rebranding the organization as Snap One.
