Vaughan, Ontario – October 18, 2011 – Corum Corporation announced today that it has acquired the firmCHANNEL brand of Digital Signage products from eliquidMEDIA International, a privately-held software development company based in Windsor, Ontario, Canada, that specializes in the development of Digital Signage software. The acquisition solidifies Corum Corporation’s planned entry into the Digital Signage Market space.
“The firmCHANNEL acquisition strengthens our interactive Digital Signage component offerings, by allowing Corum to deliver a complete end to end solution,” said Amedeo Tarzia, President and CEO of Corum Corporation. “The firmCHANNEL development team exhibits the kind of passion and commitment to excellence that will blend perfectly with our Digital Signage R&D lab”.
eliquidMEDIA began development of the firmCHANNEL Digital Signage Platform in 2005 and has since built a strong global channel of resellers and distributors who have collectively deployed in excess of 10,000 digital signs. The firmCHANNEL development team has focused its efforts on strengthening its offering with innovation in its Digital Signage technology, like the upcoming release of its firmDROID Android based Digital Signage player software. This software will be the first of its kind on the market and will introduce ultra-low cost Android based players that perform at or better than existing higher cost PC based players.
Corum Corporation has focused one of its R&D labs on building interactive components using RFID and NFC technologies to make Dynamic Digital Signage more engaging to the consumer for the better part of 2 years. These cutting edge interactive components will each be integrated into the firmCHANNEL brand of products to provide the most complete and innovative Digital Signage Content Delivery System on the market today.
DisplaySearch, iSupply, PQ Media, ABI Research, Northern Sky Research, Frost & Sullivan and other analysts all point to growth in the 20% Compound Annual Growth Rate (CAGR) for the Digital Signage Industry.
Corum Corporation will be spinning off its R&D lab and the acquisition of the firmCHANNEL brand of products into a new subsidiary called Corum Digital Corporation. For more information, please visit www.corumdigital.com.