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FOR IMMEDIATE RELEASE
Focusrite Announces IPO on London AIM Market
The NAMM Show, Anaheim, CA, January 22, 2015 – Focusrite, the British audio interface company that also incorporates the Novation brand, has listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Appropriately the ticker symbol is TUNE.
Focusrite Plc (public limited company) is the listed entity. The business was established in 1989 by Phil Dudderidge, Executive Chairman, known also for having co-founded Soundcraft in 1973.
Phil Dudderidge commented. “The company has reached its first 25 years of operation; becoming a public company puts the business on a strong corporate foundation, with wider share ownership and access to the capital market. Focusrite proved an attractive investment to institutions who were impressed with the company’s historical performance and its growth strategy.”
Dudderidge attributes Focusrite’s past growth to the company’s aim to offer best in class products at each price point, in every category addressed by Focusrite and Novation. “Sound quality, reliability and ease of use are paramount” says Dudderidge of the Focusrite line while “creative opportunity, innovation and build quality” describe the Novation philosophy.
Dave Froker, formerly General Manager of Digidesign (1996 – 2002), was appointed CEO by Dudderidge in 2012. “Dave and I have been friends in business for 20 years. He was the ideal candidate to succeed me in the CEO position,” stated Phil Dudderidge. Mr. Froker commented: “Focusrite is a fantastic company with bright, young and tenacious employees.”
Focusrite employs 114 people in the UK and 25 in the US. The wholly owned US subsidiary, Focusrite Novation Inc., run by Phil Wagner, is a marketing, training and customer support operation that supports the sales activities of Focusrite’s US distributor, American Music and Sound, Inc.
For further information, head to www.focusrite.com or contact:
USA: Hannah Bliss +1 (310) 322 5500 // Hannah.Bliss@focusrite.com
Robert Clyne +1 (615) 662-1616 // robert@clynemedia.comAbout Focusrite
The Focusrite brand was established in 1985 and the founding principles of the company were to develop products that sounded more musical, in addition to just measuring well – today, we still carry these founding principles forward in our class-leading and award-winning designs. We measure our success by the success of you, our clients, and you will find Focusrite product prominent in professional and project studios throughout the world. Based just outside of London, we work with the best design talent throughout the world to bring you the tools to enhance the way you work. Our product is made with pride and principle in a highly automated ISO 9002 factory with significant level of test by engineers who themselves are musicians and understand the part our product plays in your process.Focusrite is exhibiting at booth 6464 at The 2015 NAMM Show in Anaheim, California.
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