AudioSoft comes under Ultra Electronics ownership
Ultra Electronics (ULE), which has a base in Staffordshire, has acquired specialist data recording company AudioSoft from its founder for an initial £5 million.
Ultra, which has recently moved to a new site in Rugeley, will pay a further sum if certain growth targets are met by the end of 2011.
AudioSoft, which is based in Cirencester, provides data recording and analysis products that allow organisations to record, preserve and locate information.
Its systems are used in a wide variety of markets including defence, air traffic control, law enforcement, emergency services, court rooms and national security.
They also allow the capture, playback and analysis of various data types and the output of the systems is admissible as evidence in court.
Its three main products consist of: AudioPC, the generic name for AudioSoft’s digital data recording products that record media of all types (audio, TV and high resolution video, fax, VoIP, IP, e-mail, radar and sonar data) in a single recorder; AudioPC Navigator, which allows AudioSoft recorders to be remotely configured, controlled, monitored and administered from a single web browser interface, and Medirva, a data mining tool to allow rapid identification of important information that may be buried within thousands of hours of recordings, together with workflow management.
AudioSoft, which employs 42 staff - 36 in Cirencester and six others at customer sites around the UK and in the US, will become part of Ultra’s Tactical & Sonar Systems division.
Chris Brill, who founded the company, intends to stay with the business.
Ultra chief executive Douglas Caster said: “I am pleased to welcome AudioSoft as an Ultra business.
“AudioSoft has highly differentiated technologies that address real and growing customer needs. I am confident that AudioSoft will continue to grow and prosper as part of the group.”
