WiSA Technologies announces definitive agreement to acquire CompuSystems

WiSA Technologies, Inc. has solidified its trajectory toward innovation and market expansion by entering into a definitive agreement to acquire CompuSystems, Inc. (CSI), a leading provider of registration, data analytics, and lead management services for live events. The deal marks a significant step in WiSA’s strategic transformation as it prepares to rebrand as Datavault Inc.

Acquisition to Fuel Revenue Growth and Data Monetization

WiSA Technologies, renowned for its wireless audio solutions, expects this acquisition to significantly impact its 2025 financial performance. CSI’s management projects revenue contributions of $13 million to $15 million and EBITDA of $3 million to $4 million in 2025. Brett Moyer, CEO of WiSA Technologies, underscored the importance of this acquisition, stating that integrating CSI’s expertise in event management with Datavault’s advanced ADIO platform will unlock new revenue streams and enhance gross margins.

This acquisition follows WiSA’s anticipated closure of its acquisition of Datavault intellectual property and assets from Data Vault Holdings, Inc., further advancing its position in the Web 3.0 ecosystem.

Leveraging Technology for Event Innovation

CompuSystems has long been a trusted partner for trade, association, corporate, and government event organizers, providing cutting-edge registration and analytics solutions. With nearly five decades of experience, CSI has become a cornerstone in the events industry.

Nathaniel T. Bradley, CEO of Data Vault Holdings, highlighted the transformative potential of merging ADIO technology with CSI’s infrastructure. ADIO, embedded into CSI’s M3 Expo Wallet App, will offer attendees immersive experiences such as audio tours and holographic virtual tours powered by WiSA’s high-definition audio technology. Additionally, the integration will capitalize on CSI’s vast troves of event data, transforming them into Web 3.0 assets ripe for monetization.

Strategic Synergies and Future Plans

Mark LoGiurato, CEO of CompuSystems, emphasized the benefits of joining WiSA’s corporate family, pointing to the enhanced capabilities that Datavault’s ADIO technology will bring to CSI’s platform. The collaboration aims to scale the M3 platform rapidly, enabling event organizers to access advanced features and sophisticated data analytics.

The acquisition also provides WiSA with a foundation for further innovations in event management. By combining CSI’s historical data assets with ADIO’s crypto anchor and mobile market technology, the company is set to redefine the attendee experience.

Broader Implications for WiSA Technologies

WiSA Technologies’ evolution into Datavault Inc. reflects its broader ambitions to integrate audio, data monetization, and event management solutions under one roof. With a global presence across key markets in Asia, the Americas, and Europe, WiSA is poised to expand its reach further.

The financial terms of the transaction remain undisclosed, but the deal is expected to close by January 31, 2025, subject to customary conditions.

Looking Ahead

The acquisition of CompuSystems not only enhances WiSA’s operational capabilities but also positions the company as a leader in leveraging technology for event innovation. A conference call scheduled for December 30, 2024, at 11 a.m. ET will provide additional details about the transaction.