PreSonus Audio Electronics Inc., a Baton Rouge-based corporation that manufactures and sells audio tools, is currently being obtained by major manufacturer Fender Musical Devices Corporation.
Economical specifics of the deal ended up not disclosed. PreSonus’ annual earnings was far more than $100 million past 12 months, in accordance to the firm.
“Immediately after far more than 25 several years, PreSonus feels it has observed the suitable lover to aid us as we continue on our progress,” Jim Odom, PreSonus co-founder, said in a statement.
PreSonus was founded in 1995 by Odom and Brian Smith, equally LSU graduates. Odom graduated from LSU’s electrical engineering application and was a producer and musician himself with the local team LeRoux.
The pair sought to build instruments for musicians and audio engineers and now sell merchandise in more than 100 countries.
The company’s growth was fueled by the popularity of the automatic mixer it to start with shipped in 1996 and a 2nd one it made based on client suggestions on the initially.
In the early portion of the 2000s, new technological innovation led to PreSonus’ initial interface product or service, which had inputs for guitars and microphones that streamed the audio as a digitized signal into a pc.
At the time, a sea change was obtaining under way wherever the dominance of major studios — an high-priced selection usually out of access for all but the more established musicians — started to give way to property recording studios made achievable by new engineering.
Odom explained to The Advocate in 2012, the firm’s accomplishment “is not so much that the know-how or the packing containers turned cooler. It truly is that they solved difficulties that the musicians experienced.”
Several of its mixers are sold to K-12 faculties, universities and churches at a low cost. PreSonus also sells software package to prospects but a lot of its gross sales are hardware items.
PreSonus made its items inside of the Bon Carré Business Middle right until 2008. In the early 2000s, the corporation commenced importing metal from China, then moved its producing procedure there within just a ten years. PreSonus has far more than 140 staff about the world, with about 90 in Baton Rouge.
It spent just about $8 million on a headquarters and research facility on Highland Highway that opened about 8 many years in the past.
Fender seems to incorporate PreSonus components and computer software for musicians all-around the globe.
“Fender envisions an ecosystem that seamlessly integrates hardware and software program to make an easy stop-to-conclusion encounter for shoppers at all ranges in their artistic journey, and becoming a member of forces with PreSonus tends to make that probable,” Fender mentioned in a assertion.