TOP
STORIES
 1 of 5
Enter Polycom’s Workplace of the Future
Polycom hosted Workplace of the Future event in New York City,…
 2 of 5
9 Ways the Corporate Meeting Room Evolved at InfoComm 2015
Unified communications and collaboration were hot tech trends on…
 3 of 5
19 Dealer-Friendly Difference Makers at InfoComm
Now that another InfoComm is in the books, here are a slew of…
 4 of 5
8 Eye-Popping Digital Sign­age Dis­plays at Info­Comm
Check out this round-up of digital displays that made us stop and…
 5 of 5
Editor’s Pick: 13 Best Products of InfoComm 2015
Product editor Bob Archer singles out the most innovative,…
Why Mood Media’s Acquisition of Technomedia Matters
Content generating giant Mood Media acquired the assets of integrator Technomedia and sister company GoConvergence for $23 million.

Article


Technomedia
January 11, 2013 By D. Craig MacCormack

Although it’s become known as a company that can do some pretty incredible things, such as immersing visitors to the Wizarding World of Harry Potter in that land of make-believe, Orlando, Fla.-based Technomedia Solutions owner John Miceli knew it could do better.

The problem, as is usually the case, was financial.

It’s not that Technomedia was struggling to pay its bills, but it didn’t have the capital or manpower to take on some of the really big projects Miceli knew it could handle if given the chance.

That’s why he’d been “weighing our options” for the last year or so “on the ways to get Technomedia to that next level.” Enter Mood Media Corp. [http://www.moodmedia.com/ ] of Toronto, which had been looking for an A/V integration arm and was familiar with Technomedia’s work from projects on which they’d collaborated in the past.

Miceli and Mood Media CEO Lorne Abony started talking in earnest late in 2012 and about six weeks later, on Christmas Eve morning, Mood Media acquired the assets of Technomedia Solutions and its sister company, GoConvergence, for about $23 million.

“We’ve been very focused ever since. We’ll probably celebrate at some point,” says Miceli with a laugh.

Mood Media may also make another payment to Technomedia in 2014, depending on the growth of its new assets.

“We realized we shared a lot of the same visions for growth and expansion and we could help each other get where we wanted to be,” says Miceli. “Mood is great, solid company, financially sound, all that. What we bring to them is an added level of capabilities they can offer their clients. We bring them an incredible opportunity to provide a more complete group of services.”

Technomedia’s work is primarily in the theme park, restaurant and retail markets, although it dabbles in several others too. Among its customers are Abercrombie & Fitch, the Hard Rock Cafe chain and Cirque du Soleil. Mood Media focuses largely on creating an in-store experience for retail shoppers, through audio, visual and scent stimuli.

There are no plans for Technomedia to change its name, says Miceli, noting its “reputation” precludes that sort of change at this point. Staffers reached out to key clients after the deal to assure them the move was made as a way to grow the business and help them, he says.

“It’s all about growth and development and trying to do more for the clients we have as well as bringing in new ones,” says Miceli. “We’re looking at it as business as usual plus. It gives us an open opportunity to do more for our clients. It wasn’t going to be easy for us to organically expand.”

About the author

Craig MacCormack is a veteran journalist with more than 15 years experience covering local and national news and sports as well as architecture and engineering. He joined Commercial Integrator in January 2011. Follow him on Twitter: @CraigMacCormack.
View all posts by D. Craig MacCormack
Social Bookmark or Share This
  • Facebook
  • Twitter
  • Digg
  • Del.icio.us
  • Yahoo! Bookmarks
  • Google Bookmarks
  • StumbleUpon
  • Technorati
  • Reddit
  • Windows Live
  • LinkedIn
  • Evernote
  • E-mail


  • Latest
  • Blogs
  • Photos
  • Resources



Recent comments

Craig, I probably spent 8 + hours of booth duty in front of the Surface Hub.  The end user feedback there…

Posted by RBonham on 2015 06 26 · commented on
'Microsoft Gets It Right at InfoComm 2015'.

I think the Key Note address was somewhat revealing on the subject of Big Data and our industry’s disposition.…

Posted by billmullin on 2015 06 25 · commented on
'Is WOW the Right Word? The Lack of Innovation at InfoComm 2015'.

Dan - all great points. I don’t think anyone would/should question your respect for the industry for…

Posted by Ernie Beck on 2015 06 25 · commented on
'Is WOW the Right Word? The Lack of Innovation at InfoComm 2015'.

We love this industry and our noble competitors keep us on our toes, always pushing us to serve our customers…

Posted by Mike Stead on 2015 06 24 · commented on
'Microsoft Partners with AV Integrators to Deploy Surface Hub [Updated]'.