AVI Systems Acquires Dascom Systems Group
AVI Systems announced its plans to acquire Dascom Systems Group, a full-service integrator of IPTV services, including IP networking, video, applications and integration. AVI Systems will operate the company as Dascom Systems Group from its Saint Paul, Minnesota location, and will retain all employees.
“We have been interested in Dascom for many years,” says AVI Systems CEO Jeff Stoebner. “They are experts in delivering video over IP that allows network providers all over North America to deliver TV services over those IP networks. AVI will invest in this great company and provide scale for the business to grow with the expanding market.”
“We are excited to join the AVI Systems team, and to give our staff the future opportunities found in an employee owned company,” says Dan Takkunen, CEO of Dascom Systems Group. “We also see great benefits in combining AVI’s audiovisual depth and resources with our IPTV knowledge and experience.”
rAVe founder Gary Kayye says of the deal, “AVI Systems seems to be doing every thing right. This acquisition is perfectly aligned with the direction the industry is moving.”
The managing principals of Dascom Systems Group will be joining AVI Systems leadership team. The transaction is expected to close in the fall of 2017.