Battery Ventures acquires Audio Precision
Summary
By partnering with Battery, Audio Precision will gain additional resources to continue fueling its organic growth, and capital to fund potential acquisitions.“Audio Precision epitomizes the type of company and brand in which we like to invest, and we are looking forward to pursuing acquisitions to supplement organic growth and product development,” added Smotherman.Battery Ventures strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies.Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York.Since 1984, AP’s analyzers have helped engineers to design and manufacture innovative solutions ranging from semiconductor devices to consumer, automotive, and professional audio products.
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