Indianapolis-based Sensory Technologies, an audio-visual technology firm, has been acquired by Diversified, a technology solutions provider that operates globally, officials announced this week.
Financial terms of the deal were not disclosed.
Sensory Technologies, which has about 170 employees and is headquartered on the northwest side near the intersection of 71st Street and Interstate 465, had been in acquisition mode itself in recent years.
“The expanded global resources of Diversified provide limitless opportunity for our team and our clients. I am confident that through this merger, our combined forces will achieve great things,” Sensory Technologies Principal Andy Sellers said in a media statement.
Sensory Technologies officials, who could not immediately be reached for comment on Friday morning, told IBJ in 2016 that the firm had 130 employees and $40 million in annual revenue, double what it was in 2012.
Founded in 1993, Diversified has more than 2,500 employees operating out of more than 50 locations worldwide.
Diversified officials said the acquisition allows them to gain a strong foothold in the Midwest and Northeast regions.
“Combining the strengths of our two innovative companies will help us sustain the necessary growth to meet the evolving needs of our clientele,” Diversified CEO Fred D’Alessandro, said in a media release. “Sensory Technologies has built an exceptional business, and I’m excited to welcome them into the Diversified family.”
Sensory Technologies was founded in 2006 when the sales and marketing division of Markey’s Audio Visual merged with Video Images Indiana Inc. Its products and services have included audio-visual conferencing and collaboration systems, digital signs and on-site meeting support.
Sensory Technology also runs its own cloud-based service and provides video collaboration in the cloud.
The firm has clients in health care, education, finance, government and other sectors. They have included the NCAA, Butler University and Indiana University Health. The company has field offices in Chicago, Fort Wayne and Dayton, Ohio, as well as a sizable presence in the state of New York.
“Sensory Technologies has always had an entrepreneurial commitment to its clients with a spirit of innovation, continuous improvement and measurable outcomes,” Derek Paquin, principal of Sensory Technologies, said in a statement. “When I was introduced to Fred and the team at Diversified, I could see they had a similar passion for these core values.”