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.
Describing the agreement, Gary Standard stated, "There's been a long-standing mutual admiration between SW and VAI and the more we began to collaborate, the more apparent it became that we shared many common philosophies and goals. On a practical level, this agreement allows us to leverage the capabilities of both companies to provide our clients with not only a broader range of services, but an even higher degree of service. Our respective teams will continue to serve our clients as they have in the past, but with a more extensive offering and capability."
Josh Weisberg amplified his new colleague's statement by saying, "While the companies share many attributes, there are numerous areas where we complement each other perfectly. With a strong presence on both coasts Scharff Weisberg and Video Applications will be able to deliver a large array of services to clients more cost-efficiently than before, while building our capabilities to create a truly national, if not international services company."