[September 4, 2003]

Symon Communications Acquires TargetVision

Symon Communications, Inc. has acquired TargetVision, Inc., a provider of visual communication systems and services headquartered in Rochester, N.Y. The acquisition builds on Symon’s 22 years of profitable delivery of products that collect, analyze, report and optimize mission-critical performance and productivity information for contact centers, data centers and other business applications. The addition of the TargetVision product line enhances this technology line-up with television and plasma displays driven by software that transforms and broadcasts data creatively, integrating graphics and text with full-motion video.

Terms of the agreement were not disclosed. With the acquisition, Symon gains TargetVision’s unique enterprise communications software that drives creative content delivered via television and plasma screens. The company also gains the benefit of TargetVision’s highly experienced communications professionals, who rank at the top of the industry in relaying cable, commercial news feeds, education and employee communications, and global information services to enterprises large and small. Going forward, TargetVision will operate as a division of Symon.

Together Symon and TargetVision form an impressive combination of skills, experience, technology and industry know-how. With more than 4 million combined daily viewers of delivered real-time information, over 6,000 installations, a global presence, and a full blown complementary product portfolio, Symon now incorporates the strengths of TargetVision to offer the industry comprehensive world-class communication solutions.

“There couldn’t be a better fit for our company,” said Charles Ansley, president and CEO of Symon Communications. “The addition of TargetVision to our suite of real-time productivity and workforce management tools allows us to offer enterprise communications solutions from the boardroom to the break room. For Symon and TargetVision, it’s a whole new exciting ballgame.”

“This venture is exactly the right step for TargetVision,” said Kevin Kuppel, who has served as TargetVision’s president of Business Operations and long-time company executive. “We have been searching for a way to take our technology and people to the next level in global delivery. With Symon, we accomplish that and more, offering our customers new capabilities and our employees exciting new opportunities.” Kuppel will continue with the company as the TargetVision division chief financial officer.

“This is an important strategic move for both Symon Communications and TargetVision,” Ansley continued. “Through this venture, customers, stakeholders and employees of both companies all win. Symon gains a wider variety of delivery methods and integration of unique and creative message content, complete with full-motion video. TargetVision products will be enhanced by Symon’s specialized technology along with the company’s global strength and reach. And employees become part of a new Symon with almost limitless industry capabilities.”

[ Back To TMCnet.com's Homepage ]