CHICAGO — It may be a new year, but acquisition activity remains hot in the trade show and events industry. CompuSystems (CSI) announced plans to be acquired by WiSA Technologies on Jan. 8, bringing new technologies, resources and opportunities to CompuSystems’ customers.
The planned acquisition was announced in conjunction with WiSA’s recent finalized purchase of ADIO® IP, Datavault® and other patents and filings that use Web 3.0 and Blockchain. This gives CompuSystems access to more resources with the support of WiSA, a publicly traded company, and allows the company to explore market entry and growth potential outside of the events industry.
“CSI’s expansion into new markets will not detract from its commitment to trade show clients but will instead enhance its services. By introducing technologies, CSI will elevate trade show experiences and provide new revenue opportunities for organizers and exhibitors, reinforcing its position as a leader in the industry,” Mark LoGiurato, CEO of CompuSystems, said.
This is expected to position CompuSystems for faster innovation by leveraging WiSA’s data analysis expertise and technologies to further enhance CompuSystems’ platforms and offerings. By integrating CompuSystems’ platforms with WiSA’s Datavault® and ADIO® technologies, advanced data insights, proximity-base attendee targeting and enhanced tools for organizers, exhibitors and attendees are enabled.
“CSI clients will gain access to advanced technology capabilities that enhance event experiences, streamline registration operations, and provide deeper insights into registration data. They can look forward to faster rollouts of innovative products and services and new revenue opportunities,” LoGiurato said.
CompuSystems will operate as a division of WiSA, and its leadership team and staff, as well as day-to-day operations, will stay the same, ensuring a sense of continuity.
Through enhanced attendee experiences, sponsorship engagement opportunities and data monetization, the consolidated organization will help create new revenue streams for trade show and event organizers.
The deal comes on the heels of CompuSystems’ December 2024 announcement of entering into an agreement to acquire EventsPass.
“The WiSA acquisition complements CSI’s strategy for EventsPass by enhancing its capabilities with additional resources and technologies. This alignment strengthens the focus on delivering integrated, scalable solutions for event organizers and allows for the development of more robust functionality within the EventsPass platform,” said LoGiurato.
Related. CompuSystems Agrees to Acquire EventsPass
“This acquisition brings together two innovative organizations with a shared vision for enhancing the event experience,” stated Nate Bradley, CEO of WiSA Technologies. “By combining our expertise, we are not just advancing technology but reshaping the way organizers, exhibitors, and attendees connect and engage. Together, we’re building a foundation for smarter, more impactful events that benefit all stakeholders in the industry.”
It is expected that the acquisition will close by late January 2025, and CSI said that senior management will be connecting with clients to talk about the transition, while updates will be shared across industry channels in the following weeks.
“From CSI’s perspective, the most exciting aspect of this acquisition is the opportunity to reshape the events industry with groundbreaking technologies. This allows for the creation of cutting-edge products, entry into new verticals, and transformative growth, solidifying CSI’s leadership in event engagement innovation,” LoGiurato said.
