Video Applications (VAI) and Scharff Weisberg (SW) have announced a co-ownership agreement. The agreement creates a new holding company for the existing operations, enabling them to operate independently and work together strategically.
Under the new agreement, Gary Standard, CEO of Video Applications, will assume the role of CEO of the new holding company while Joshua Weisberg, president of Scharff Weisberg, will become president of the holding company. Both will continue their roles and responsibilities in the operating companies. In addition, Peter Scharff, founder of Scharff Weisberg, will expand his role as director of business development for all entities. Both companies rely on teams with extraordinary lengths of service and these teams will continue to operate the companies as distinct brands while developing opportunities to work together.