has acquired the Sacramento, CA- based Folsom Research, Inc., a move designed to strengthen the projection company's leadership in the events market, as well as its presence in the US. Folsom, which employs 75 associates, has product lines that cover image processing, image communication, and image functionality and interactivity. In these dedicated markets, Folsom has a 30% share in the US and 17% worldwide. Barco has previously held 4% market share in these segments.
The largest part of Folsom’s sales come in the rental & staging market. Barco has a strong presence in two segments of this market with its LED displays and its large-venue projectors. The acquisition of Folsom is designed to allow Barco the opportunity to become an important player in the market segment of solutions beyond displays, thus enabling additional growth in the events market.
Under the Barco banner, Barco and Folsom Research will combine their core strengths and continue to place primary importance on their key values: to provide technology leadership through continued investment in R&D and building long-term strategic alliances with its rental partners to ensure the continued success of both parties.
For more information about Folsom Research visit its website at: www.folsom.com
For more information about Barco, visit its website at: www.barco.com