Wednesday, July 27, 2005

InFocus Corporation acquires assets of The University Network narrowcasting provider

From BusinessWire:

InFocus(R) Corporation (Nasdaq: INFS), a worldwide leader in digital projection technology and services, today announced the acquisition of assets of TUN (The University Network), a leading provider of on-campus narrowcasting solutions. The transaction brings to InFocus a display footprint and network operating in over 75 major U.S. universities.

TUN's presence in the U.S. higher education market complements InFocus' brand leadership in education and development expertise in large display hardware and networking products. "Acquiring the assets of TUN marks a milestone in broadening our business model to include big picture solutions surrounding large format displays," said Kyle Ranson, President and CEO of InFocus Corporation. "We welcome TUN to the InFocus family, and are excited about the opportunities in the emerging narrowcasting industry."

Read the rest of the press release here.

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