Orban Sold To DaySequerra
July 11, 2016 at 4:14 AM (PT)
CIRCUIT RESEARCH LABS, INC. (CRL) is selling audio processing giant ORBAN to audio company DAYSEQUERRA for an undisclosed price. ORBAN will become a new DAYSEQUERRA subsidiary, ORBAN LABS INC, and will be moved into DAYSEQUERRA's NEW JERSEY facility, with all current ORBAN administration, marketing, sales and product development functions to be transferred to DAYSEQUERRA over the next 90 days.
The deal is subject to approval by CRL shareholders at a meeting scheduled for later this month.“ORBAN has advanced the state-of-the-art in audio processing for broadcast and streaming since 1975,” said BOB ORBAN. “Over the decades, ORBAN products have been at the heart of broadcast facilities as vital tools for attracting and keeping audiences. Our expert engineering and development team has deep knowledge of ORBAN’s intellectual property and some members of our team have been with ORBAN for more than 30 years. I personally look forward to working with DAYSEQUERRA; our team will continue to innovate under the new ORBAN LABS banner and will drive leading-edge product development in the years ahead.”
“ORBAN is the world leader in broadcast audio processing and BOB ORBAN has developed some amazing surround and loudness audio technologies. The fit with DAYSEQUERRA is a natural,” said DAYSEQUERRA President DAVID DAY. “The synergistic opportunity that this acquisition represents is just fantastic – opportunities like this don’t happen very often. We look forward to working with BOB’s team and ORBAN Europe to develop and bring to market the next-generation of intelligent audio processing in the broadcast, consumer and automotive spaces.”
“We are really excited about DAYSEQUERRA’s acquisition of ORBAN and to work together with DAVID and his team,” said CRL Pres./CEO/Chairman C. JAYSON BRENTLINGER. “With a significant array of technologies, these combined companies will be a formidable force in the marketplace.”