Avedon Capital Partners announces that it has acquired Viju and VisionsConnected. His ambition is to merge the two companies into a global player in the visual cooperation market with a specialization in designing, installing, maintaining and supporting physical and virtual meeting environments for global clients with a strategic need for audiovisual, videoconferencing and collaboration solutions.
The combined company is currently serving companies and institutions in the public sector in more than 100 countries. It has its headquarters in Amsterdam and will continue to serve its customers from various locations in EMEA, the United States and the Asia Pacific region. It is expected that a new brand identity will be introduced in early 2018, reflecting the evolution of the two renowned companies.
Odd Sverre Østlie, former CEO of Viju, becomes the CEO of the new business combination. Its task is to implement an ambitious growth strategy. It provides both organic growth and selective acquisitions. Raymond Alves, the founder and CEO of VisionsConnected, will lead the development of company solutions and services as CSO (Chief Solutions Officer).
Emily Jeffries-Boezeman, Investment Manager at Avedon Capital Partners: “We have been following the audiovisual and videoconferencing market for some time now. We saw opportunities to create a global specialist in visual communication and collaboration in this dynamic, yet fragmented market. This market is experiencing strong growth due to the demand for high-quality video and collaboration technologies offered on a global scale based on an ‘as-a-service’ model. With their motivated people, talented leaders and common endeavors to ensure optimum user experience, Viju and VisionsConnected form the ideal base for exploiting this market. We look forward to supporting platform growth and making this investment a joint success. “