When we last left Tivoli, the company created many years ago by Tom DeVesto who is now the CEO of Como Audio, it was 2015 and they had just been sold by one private equity company, with the help of another private equity company, to a third private equity company. Now word comes that the third private equity company, Serruya Private Equity of Toronto, which Strata-gee wrote about in June 2015, has sold Tivoli in a buyout to the company’s management in conjunction with a financial backer.
Solid niche player Como Audio launched a new music system at last week’s CE Week called the SpeakEasy. Como Audio owner Tom DeVesto has practically invented the high quality small shelftop system – first at Tivoli, now at Como Audio – a category that most others fill with cheap, low-Fi junk to be sold in your local drug stores. SpeakEasy shows how DeVesto intends to retain their leadership in the arena by adding the latest and greatest technology.
See what Como Audio’s SpeakEasy has that is unusual in shelftop systems… [Read more…] about Como Audio Launches SpeakEasy at CE Week
Big changes are afoot at Tivoli, the quirky audio products manufacturer that had a goal of providing nicely designed, easy-to-use, high quality audio products sold largely direct-to-consumers at reasonable prices. Founded by well-known industry personality Tom DeVesto, Tivoli had, for some time, remarkable success selling an almost retro-designed table radio…at a time when most companies had abandoned that category.
Now, big changes are at play – with DeVesto out and a new Interim CEO appointed by the Tivoli board.