Here’s the first official press release from the new CoolSign, following our breaking story yesterday ‘CoolSign, Disposal, Planar, Last Bits Of‘ – looks like the name is staying, note the new domain name (which might simply be temporary), see www.cool-sign.com
CoolSign Digital Signage Business acquired by CS Software Holdings LLC
Industry leading digital signage software platform, CoolSign, readied for growth with investment from Private Equity Group
New York, NY (PRWEB) January 8, 2009 – CS Software Holdings LLC announced today, the purchase of the CoolSign Digital Signage business from Planar Systems, Inc. CoolSign is a leading industry-proven digital signage software solution that has been successfully deployed by leading brands worldwide.
The CoolSign acquisition includes the application of the proprietary technology in all markets except gaming.
CS Software was recently formed and was led by an investment from Pegasus Capital Advisors, the firm that also invested recently in the leading experiential branding and technology firm, Creative Realities.
Jason Friedman, CEO of Creative Realities said, “I am thrilled that I was able to introduce Pegasus to the CoolSign team, and help put together a deal that is great for the digital signage industry and that our investors shared the vision for the possibilities for this business.”
A CoolSign spokesman said, “With the proper capital resources and a new and inspired vision, we are confident that CoolSign, already an industry leader, will not only be able to better support their existing customer base, but also to continue to lead innovation and provide the highest-quality, enterprise solution for customers using out of home digital communications as a vital part of their business.”
The new company will be based in New York City, with the head software development office remaining in Oregon and sales offices in NY, Amsterdam, and France.