News, Newsletter

Focusrite Announces IPO On London AIM Market

Focusrite (Bucks, England), the audio interface company that also incorporates the Novation brand, has listed on the Alternative Investment Market (AIM) of the London Stock Exchange; appropriately, the ticker symbol is TUNE. Focusrite Plc (public limited company) is the listed entity. The business was established in 1989 by Phil Dudderidge, Executive Chairman, known also for having cofounded Soundcraft in 1973.

Dudderidge commented, “The company has reached its first 25 years of operation. Becoming a public company puts the business on a strong corporate foundation, with wider share ownership and access to the capital market. Focusrite proved an attractive investment to institutions that were impressed with the company’s historical performance and its growth strategy.”

Dudderidge attributes Focusrite’s past growth to the company’s aim to offer best in class products at each price point, in every category addressed by Focusrite and Novation. “Sound quality, reliability and ease of use are paramount,” he said about the Focusrite line, while “creative opportunity, innovation and build quality” describe the Novation philosophy.

Focusrite employs 114 people in the UK and 25 in the US. The wholly owned US subsidiary, Focusrite Novation Inc., run by Phil Wagner, is a marketing, training and customer support operation that supports the sales activities of Focusrite’s US distributor, American Music & Sound, Inc. (Newbury Park CA).

Previous ArticleNext Article
 
Send this to a friend