CompuSystems Planned to be Acquired by WiSA Technologies to Transform Event Technology and Engagement

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CompuSystems Planned to be Acquired by WiSA Technologies to Transform Event Technology and Engagement

1/8/2025
LISLE, IL — CompuSystems, Inc. (CSI), a leading provider of event registration, lead retrieval, and data analytics services, announced today its planned acquisition by WiSA Technologies, Inc. in conjunction with WiSA’s recently closed purchase of Datavault® and ADIO® IP and patents/filings that utilize Web 3.0 and Blockchain. The consolidated organization will bring new resources, technologies, and opportunities to CSI’s clients and the broader events industry.

WiSA’s acquisition positions CSI at the forefront of innovation, leveraging WiSA’s expertise in data analysis and patented technologies to enhance CSI’s platforms and services. The integration of WiSA’s Datavault® and ADIO® technologies with CSI’s platforms enables proximity-based attendee targeting, advanced data insights, and enhanced tools for organizers, exhibitors, and attendees.

This collaboration also creates new revenue streams for event organizers through data monetization, enhanced attendee experiences, and sponsor engagement opportunities. With the support of a publicly traded company, CSI gains access to greater resources, enabling faster innovation and the development of enhanced solutions for event organizers. The acquisition further allows CSI to explore market entry and growth potential in verticals outside the traditional events industry.

While CSI will operate as a division of WiSA, its day-to-day operations, leadership team, and staff will remain unchanged. This ensures continuity in delivering the high-quality service that CSI is known for, while also opening the door to exciting new projects and opportunities.

“This partnership with WiSA is a game-changer for CSI,” said Mark LoGiurato, CEO of CompuSystems. “We now have the resources, technology, and backing of a forward-thinking partner to expand our offerings, explore untapped verticals, and deliver unmatched value to our clients.”

Nate Bradley, CEO of WiSA Technologies, commented, “This acquisition brings together two innovative organizations with a shared vision for enhancing the event experience. By combining our expertise, we are not just advancing technology but reshaping the way organizers, exhibitors, and attendees connect and engage. Together, we’re building a foundation for smarter, more impactful events that benefit all stakeholders in the industry.”

The acquisition is expected to close by late January 2025. CSI’s clients can expect the same people, processes, and management they are familiar with, alongside the rollout of new technologies. Senior management will personally connect with their clients to discuss this transition, and updates will be shared across CSI’s industry channels in the coming weeks.

About CompuSystems
CompuSystems is a premier provider of registration, data analytics, and lead management services for live events, offering cutting-edge solutions and unparalleled customer support to clients in the trade, association, corporate, and government event markets. With a strong focus on innovation, customer service, and sustainability, CompuSystems is dedicated to delivering exceptional event experiences for clients and their attendees.

About Wisa Technologies, Inc.
On December 31, 2024, WiSA Technologies, Inc. closed its acquisition of Datavault® and ADIO® intellectual property and information technology assets of privately held Data Vault Holdings Inc.® and will be changing its name to Datavault Inc. and ticker symbol to ADIO in January 2025. Data Vault Holdings Inc. is a technology holding company that provides a proprietary, cloud-based platform for the delivery of blockchain objects. Data Vault Holdings Inc. provides businesses with the tools to monetize data assets securely over its Information Data Exchange® (IDE). Learn more about Data Vault Holdings Inc. at www.datavaultsite.com.

WiSA is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. WiSA Technologies, Inc. is a founding member of WiSA™ (the Wireless Speaker and Audio Association) whose mission is to define wireless audio interoperability standards as well as work with leading consumer electronics companies, technology providers, retailers, and ecosystem partners to evangelize and market spatial audio technologies driven by WiSA Technologies, Inc. The company is headquartered in Beaverton, OR with sales teams in Taiwan, China, Japan, Korea, and California.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, include, among others, the Company’s and Data Vault Holdings, Inc.’s expectations with respect to the timing of the Company’s name change, the Company’s and CSI’s expectations with respect to the proposed acquisition of CSI by the Company (the “Acquisition”), including statements regarding the benefits of the Acquisition, the anticipated timing of the Acquisition, the implied valuation of CSI, the products offered by CSI and the markets in which it operates, and the Company’s and CSI’s projected future results and market opportunities, as well as information with respect to WiSA’s future operating results and business strategy. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of factors, including, but not limited to: (i) risks and uncertainties impacting WiSA’s business including, risks related to its current liquidity position and the need to obtain additional financing to support ongoing operations, WiSA’s ability to continue as a going concern, WiSA’s ability to maintain the listing of its common stock on Nasdaq, WiSA’s ability to predict the timing of design wins entering production and the potential future revenue associated with design wins, WiSA’s ability to predict its rate of growth, WiSA’s ability to predict customer demand for existing and future products and to secure adequate manufacturing capacity, consumer demand conditions affecting WiSA’s customers’ end markets, WiSA’s ability to hire, retain and motivate employees, the effects of competition on WiSA’s business, including price competition, technological, regulatory and legal developments, developments in the economy and financial markets, and potential harm caused by software defects, computer viruses and development delays, (ii) risks related to the DataVault Asset Purchase, including WiSA’s ability to realize some or all of the anticipated benefits from the DataVault Asset Purchase, (iii) risks related to the Acquisition, including WiSA’s ability to close the Acquisition in a timely manner or at all, or on the terms anticipated, whether due to WiSA’s ability to satisfy the applicable closing or otherwise, as well as risks related to WiSA’s ability to realize some or all of the anticipated benefits from the Acquisition, any risks that may adversely affect the business, financial condition and results of operations of CSI, including but not limited to cybersecurity risks, the potential for AI design and usage errors, risks related to regulatory compliance and costs, potential harm caused by data privacy breaches, digital business interruption and geopolitical risks, and (iv) other risks as set forth from time to time in WiSA’s filings with the U.S. Securities and Exchange Commission. The information in this press release is as of the date hereof and neither the Company nor CSI undertakes any obligation to update such information unless required to do so by law. The reader is cautioned not to place under reliance on forward looking statements. Neither the Company nor CSI gives any assurance that either the Company or CSI will achieve its expectations.

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