WiSA Technologies Changes Name to Datavault and Acquires Company That Manages Registration for CES, InfoComm, and NAB Trade Shows

WiSA Technologies, the company that makes the most important wireless audio multichannel technology for home cinema, recently bought and merged with Datavault, a blockchain data intelligence business, and announced that WISA will be called Datavault in the future. Now, WISA acquired CompuSystems, the company that provides registration and lead management for more than 250 trade shows including CES. This is one of the weirdest stories we reported upon in audioXpress and barely has anything to do with audio, but because it involves WiSA Technologies, we think it is relevant for our audience. Back in September 2024, we reported that WiSA Technologies (a NASDAQ listed company) agreed to acquire a business called Datavault from a private company called Data Vault Holdings Inc. It is a complicated story because Data Vault is a technology holding company that provides a strange mix of services, software and platforms, based on a proprietary set of technologies for "the delivery of blockchain objects."

Back in September it was projected that the combined business (Datavault Inc.) resulting from the acquisition of Data Vault Holdings' High-Performance Computing (HPC) Software and Acoustic Technologies IP, combined with WiSA Technologies, would create "a licensing and technology company with an extensive patent portfolio serving multiple industries." It was also announced that Nathaniel (Nate) T. Bradley, the CEO and co-founder of Data Vault Holdings, and a prolific inventor with over 70 international and US patents across the most diverse fields, would become the new CEO of the combined entity once the acquisition was realized (WiSA's current CEO, Brett Moyer Moyer, will become CFO of Datavault).

Since then, multiple announcements have been made, including a recent confirmation that Data Vault Holdings was in the process of finalizing the consolidation of its affiliates Data Donate Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly owned subsidiaries under one corporate structure before the sale and merger with WiSA. ADIO, is the part of the business for "ad-driven monetization" through "high-frequency audio advertising" and the only audio connection that led to the alluded synergies with WiSA Technologies (even though those are not exactly obvious, much like everything that has to do to Data Vault).

Earlier in December 2024, Data Vault Holdings announced a partnership with CompuSystems, Inc, a company that provides registration, data analytics, and lead management software and services for live events and trade shows. CompuSystems agreed to embed ADIO "cutting-edge proximity-based engagement" technology in their M3 Expo Wallet app. Basically to "monetize" attendees and exhibitors data with "tailored content" based on "prospect-matching algorithms" - powered by ADIO technology's inaudible tones to be delivered in real-time.

"The enhanced M3 Expo Wallet combines the strengths of both platforms, offering tools to boost sales connections, improve lead quality, and support sustainability. These innovations empower exhibitors to create lasting connections and maximize their impact at events," explained Nate Bradley, which also confirmed that CSI intended to roll out this integration in January 2025.
Just two weeks later, we now received the announcement that WiSA Technologies (soon to be renamed Datavault as of December 31, 2024), has entered into a Definitive Agreement to acquire privately held CompuSystems, Inc.

"This strategic transaction marks a major milestone, as we look forward to becoming part of a dynamic public company that leverages CompuSystems' 48-year history as an international leader in the global events industry," said Mark LoGiurato, CEO of CompuSystems. "In combination with newly consolidated Datavault’s ADIO technology, we will rapidly scale our M3 platform and broaden our capabilities to provide even greater value to event organizers with sophisticated new features and advanced Web 3.0 data analytics."

The financial terms of this transaction were not disclosed and closing is anticipated to occur on or about January 31, 2025. Independently of the transaction values of the acquisition(s), and the confirmed operations in shares of WiSA and issuance of common stock - standard procedures in listed companies - the succession of announcements are obviously intended to motivate the interest of stockholders.

What is relevant is that WiSA will cease to exist as a company, and that the wireless audio technologies that many audio manufacturers depend upon will now be offered by Datavault, a company "serving the biotech research, energy, education, fintech, real estate, and healthcare industries, among others," as the announcement states. Datavault will "license spatial and multichannel HD sound transmission, including proprietary brands ADIO, WiSA and Sumerian" as part of its "Acoustic Sciences" business. CompuSystems provides the software and platforms that contains all visitors and exhibitors data from shows such as CES, InfoComm (AVIXA), SEMA Show, NAB Show, and many other trade shows. In the same month of the Datavault acquisition announcement, CompuSystems also confirmed the intention to acquire EventsPass, an SaaS platform specializing in advanced ticketing solutions for B2C and B2B events.

WiSA Technologies will have a suite at CES 2025 to demonstrate the latest advancements in its WiSA E wireless technology, and maybe they can explain what all this will mean.
www.compusystems.com
www.datavaultsite.com
www.wisatechnologies.com