financetom
Business
financetom
/
Business
/
WiSA Technologies to Acquire CompuSystems
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
WiSA Technologies to Acquire CompuSystems
Dec 26, 2024 6:17 AM

08:49 AM EST, 12/26/2024 (MT Newswires) -- WiSA Technologies ( WISA ) said Thursday it has agreed to acquire CompuSystems, a provider of data analytics and technical services for live events.

Financial terms were not disclosed. The deal is expected to close around Jan. 31 next year, the company said.

WiSA ( WISA ) said CompuSystems' management expects the company to contribute $13 million to $15 million in 2025 revenue.

WiSA ( WISA ) also said it expects to close its acquisition of the intellectual property and IT assets of Data Vault Holdings and change its name to Datavault on Dec. 31.

WiSA ( WISA ) Chief Executive Brett Moyer said the newest acquisition will combine CompuSystems' experience in the events management business with the capabilities of Datavault's platform.

Shares of WiSA ( WISA ) were up about 3% in recent premarket activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Marriott International's Q4 Adjusted Earnings Decline, Revenue Increases
Marriott International's Q4 Adjusted Earnings Decline, Revenue Increases
Feb 11, 2025
07:14 AM EST, 02/11/2025 (MT Newswires) -- Marriott International ( MAR ) reported Q4 adjusted earnings Tuesday of $2.45 per diluted share, down from $3.57 a year earlier. Analysts polled by FactSet expected $2.39. Revenue for the quarter ended Dec. 31 was $6.43 billion, compared with $6.10 billion a year earlier. Analysts polled by FactSet expected $6.4 billion. The company...
Fidelity National Information Services Partners With Affirm to Deliver Pay-Over-Time Services to Debit Cardholders
Fidelity National Information Services Partners With Affirm to Deliver Pay-Over-Time Services to Debit Cardholders
Feb 11, 2025
07:11 AM EST, 02/11/2025 (MT Newswires) -- Fidelity National Information Services ( FIS ) said Tuesday that it has partnered with Affirm (AFRM) to create an integrated pay-over-time provider for debit issuers. Financial terms of the partnership were not disclosed. Fidelity said Affirm will help integrate Fidelity's network of banking clients into their current debit program through digital banking and...
OrganiGram Down 6.4% in Pre-market Trading as Q1 Loss Widens and Revenue Misses Forecasts
OrganiGram Down 6.4% in Pre-market Trading as Q1 Loss Widens and Revenue Misses Forecasts
Feb 11, 2025
07:10 AM EST, 02/11/2025 (MT Newswires) -- Organigram Holdings ( OGI ) fell 6.4% in U.S. pre-market trading on Tuesday after saying its first-quarter net loss widened and revenue missed forecasts. The net loss widened to $23 million, a 46% increase over last year's $15.8 million. The increase was mainly due to a higher fair value loss recognized in relation...
Shopify beats holiday-quarter revenue estimates on higher consumer spending
Shopify beats holiday-quarter revenue estimates on higher consumer spending
Feb 11, 2025
Feb 11 (Reuters) - Shopify ( SHOP ) topped market estimates for sales in the holiday quarter on Tuesday, on the back of healthy consumer spending and the company rolling out AI features that have attracted more sellers to its e-commerce platform. U.S.-listed shares of the company fell 9% in premarket trading. Shopify ( SHOP ) expects its revenue to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved