DaySequerra, which provides high-performance audio solutions for radio, TV and Internet broadcasters, has signed an agreement to purchase Orban from its parent CRL Inc.
The deal is effective June 8.
Orban will be reorganized into a new DaySequerra subsidiary, Orban Labs Incorporated, and will be located at the DaySequerra facility in New Jersey. All current Orban administration, marketing, sales and product development functions will be transferred to DaySequerra over the next 90 days.
“Orban has advanced the state-of-the-art in audio processing for broadcast and streaming since 1975,” said company founder Bob Orban. Noting that some members of his team have worked there for more than 30 years and understand the IP, he said the team will continue to innovate.
DaySequerra President David Day said the two companies are a good fit and the company looks forward to working with Orban’s team both here and in Europe “to develop and bring to market the next-generation of intelligent audio processing in the broadcast, consumer and automotive spaces.”
Details of the deal were not disclosed; the transaction is subject to approval by the shareholders of Circuit Research Labs at a meeting scheduled for later this month.
Day tells RBR+TVBR in an interview “The deal makes too much sense” not to do it. Look for more details tomorrow in our weekly tech report.