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Mar 23rd, 2012
 
LSI Industries Inc. announces acquisition of Virticus Corporation
 
LSI Industries Inc. is pleased to announce Virticus Corporation as the latest addition to the LSI family.
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With the acquisition of Virticus, located in Beaverton, Oregon, LSI will now offer automated network control systems and software for the management of indoor and outdoor lighting and lighting systems.

Robert J. Ready, Chief Executive Officer, LSI Industries, commented, "LSI is committed to leadership in the solid-state LED lighting market. Our 2006 acquisition of SACO Technologies Inc. provided the LED platform. Then, our 2009 acquisition of AdL Technology provided vertical integration in connection with designing, engineering and producing the solid-state electronics that control and drive LEDs. Now, the acquisition of Virticus will complement and further expand LSI's capabilities in providing our customers with sophisticated lighting and energy management control solutions. Coupled with our industry-leading LED lighting products, our customers will have complete solid-state solutions to their lighting needs. Both energy savings and improved lighting quality are among the many benefits that can be achieved through the integrated LSI solid-state solution. We welcome the Virticus team to the LSI family, and we look forward to the contributions from this talented group of experienced individuals."


 
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