Polyvision acquires IBID electronic whiteboard business from Microtouch
PolyVision Corporation (AMEX: PLI), an international manufacturer and installer of visual communications products and leading supplier of light-gauge ceramicsteel, today announced it had signed an agreement to purchase IBID, the electronic whiteboard business of Microtouch. Mirus advised the board of directors of Microtouch on the transaction.
IBID is an interactive electronic whiteboard that allows whatever is written or drawn on the whiteboard to be recorded and displayed in real-time and in color on any Microsoft Windows-based PC.
“This move is the next step in our corporate strategy, and will be followed by further acquisitions of digital presentation technologies. Our strength in the visual communications market is unique, and the right combination of technology will further our ability to deliver a complete solution to our customers,” stated Michael H. Dunn, President and CEO of PolyVision Corporation. “Our knowledge of the players in this market allowed us to closely evaluate the relative strengths of each technology and to select those that most appropriately meet the needs of our customers. We ultimately chose those that brought the deepest pool of intellectual property and those that could be most effectively leveraged through our manufacturing, distribution and delivery systems. The synergies created through these transactions will bring together the leading products under the PolyVision system, assemble an outstanding organization of talented people and position the company to continue to build on our already strong market presence.”
About PolyVision Corporation
PolyVision Corporation, headquartered in Atlanta, Georgia, is an international manufacturer and installer of visual communications and related products for the educational, office and corporate markets and is the leading supplier of light-gauge ceramicsteel, critical in the manufacture of quality writing and projection surfaces. The company also manufactures menu and merchandising boards for food service and banking institutions, and high performance wall systems used in the education, transportation and select architectural markets.
About Mirus Securities
Mirus Securities, Inc. (member FINRA, SIPC) provides investment banking solutions to middle market corporations in targeted technology, manufacturing, and service industries. The firm’s services include merger advisory, private equity raising, and valuation services for entrepreneurs, corporations and professional financial investors. Additional information about the firm is available at www.merger.com.Back to Transactions