Pegasus Capital Advisors recently announced it has acquired a majority interest in the business of LED Effects, an LED lighting design and engineering firm. In addition, Govi V. Rao, currently a senior executive at Philips Lighting North America, will join LED Effects as its new president and chief executive officer, effective July 1, 2007. Founded in 1993 before LEDs were considered lighting devices, LED Effects pioneered the use of LEDs in lighting and is one of the few companies to offer ...

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