AVI and SPL Complete Merger

TAMPA, FL and MENLO PARK, CA--Audio Visual Innovations, Inc. (AVI) and Signal Perfection, Ltd. (SPL) announced today that the companies have merged to form AVI-SPL, establishing the largest provider of global audio video systems and integration services.

AVI-SPL has more than 1,200 employees in more than 40 offices across the United States, Mexico and Dubai, that provide a network of services including custom design and installation of audio video equipment as well as rental services, product sales, managed conferencing, IP integration, staging and production and event management services to corporate, education, healthcare, government and military, hospitality, financial institutions, performance venues, stadiums and arenas and house of worship clients. AVI-SPL is at the leading edge of designing and delivering high-definition solutions that have the power to transform the way individuals and organizations live, work and play.

This merger enables AVI and SPL to build on their respective track records by creating a new company with a national and global presence while offering our customers a wide range of services that are consistent and compatible across geographies and throughout an enterprise, said Martin Schaffel, executive chairman of AVI-SPL. Our customers can now employ just one company for all of their AV needs for all of their locations across the map.

We believe our clients want to work with a company with sophisticated resources, a high level of brand recognition, and rock-solid reliability, said Dennis Cahill, a director of AVI-SPL. Joining together AVI and SPL gives us the scale we need to continue meeting the needs of the worlds most demanding clients and to drive better understanding in the marketplace of how AV can help companies become more productive.

The merger was supported by equity financing from Silver Lake Sumeru, the middle-market group of Silver Lake, the leading investment firm focused on technology-driven growth industries.

We are pleased to be partnered as a value-added investor with the talented and accomplished AVI-SPL management team as we work together to capitalize on the robust transformation taking place in applications for high-definition audio and video conferencing systems and services, said Kyle Ryland, managing director of Silver Lake, We look forward to facilitating further growth and innovation in AVI-SPLs operations."

AVI-SPL...www.avispl.com
Silver Lake Sumeru...www.silverlake.com