(RTTNews) - WiSA Technologies, Inc. (WISA) said Thursday that it has agreed to acquire privately-held CompuSystems, Inc., a provider of registration, data analytics, and lead management services for live events. The financial details of the transaction have not been disclosed.
Concurrently, the company is also preparing to acquire Datavault intellectual property and information technology assets of privately held Data Vault Holdings Inc.
Upon the completion of both deals, WiSA expects the combined technologies of both companies to deliver experiential audio tours and convert vast amounts of events data into Web 3.0 assets.
CompuSystems is estimated to bring revenue of $13 million to $15 million and EBITDA of $3 million to $4 million in 2025, the company added. The deal is anticipated to close on or about January 31, 2025.
During the pre-market hours, WiSA's stock is trading at $2.02, down 1.94 percent on the Nasdaq
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