Trimax announced this morning that it has invested additional capital into Cybersonics Sound Technologies. As terms of the partnership, Trimax will collect revenues from both Cybersonics’ businesses.
Cybersonics Sound Technologies is a business with over a decade of experience developing proprietary software and hardware communications technology for ‘turn-key’ web-based private broadcast networks. The $90,000 investment will help Cybersonics facilitate new orders and shipments in a timely fashion, which is expected to increase the company’s revenues; consequently, increasing Trimax’s revenues as well.
Jim Addario, President of Cybersonics Sound stated, “With the significant efficiencies of BPL and the tools necessary to drive sales of our innovative proprietary digital signage and network management technology, we are positioned to capitalize on this burgeoning industry and quickly grow our bottom line, while at the same time deliver substantial ROI to our clients”.
Trimax revealed that it progressing with its plans to acquire Cybersonics. The strategic acquisition would broaden the company’s service into the out-of-home advertising digital signage and professional display market, which is expected to grow over $14 billion in the next four years.
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