DiGiCo buys Soundtracs assets

UK-based company DiGiCo (UK) Ltd has acquired the assets, core business and intellectual property rights of Soundtracs Plc of Epsom Surrey. DiGiCo co-founder, Eric Wade of Atlanta, Georgia, USA told us: "We are pleased to announce this acquisition and look forward to taking the excellent digital console platform and products, distributed globally by Soundtracs, to the next level in the pro audio Industry. The Soundtracs digital platform is conceptually and intuitively, one of the most robust products available on the market today and our goal is to enhance current distribution and market share in order to establish it more broadly in the Industry." Both Bob Doyle and Dave Webster, formerly with the Klark Teknik Gourp, have joined DiGiCo (UK) as managing and marketing directors respectively.

Both Todd Wells, managing director and chairman of Soundtracs Plc and Liam Tebbs, Soundtracs managing accountant, will have no involvement in DiGiCo or the Soundtracs core business purchased by DiGiCo. As a result, they will now administer the new Soundtracs Plc cash shell and its related business affairs. As required in the DiGiCo purchase agreement Soundtracs Plc is required to change its legal and trading name.

(Ruth Rossington)

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