Why did AVI add Magenium Solutions to its company portfolio? Because our customers have been asking for deeper Microsoft integration skills, Office 365, Skype for Business, Azure integration, BI, and so on.
While we've been adding this skillset in our business over the past couple years, we just couldn't do it fast enough, the demand is outpacing our ability to staff to it - so we committed to finding an amazing company to join to AVI. We found that with Magenium Solutions.
I'm proud that this 50 person team will become "employee owners" alongside AVI's 600 professionals. We will rapidly add more IT solutions pros to this team. So happy to have the entire leadership team from Magenium joining AVI as well. We will make magic happen together.
This is the second company we've added in the past 6 months. If you watch our industry, you will see active consolidation happening right now. AVI's plan for its shareholders (who happen to be our employees) is to use acquisition to add competency to AVI, to position us to be more valuable to our customers.
Our two recent acquisitions matter more than those where AV companies buy other AV companies that look the same - just to be bigger. We subscribe to Warren Buffets methodology of value creation: building companies that will be terrifically valuable over the long haul. AVI has never made decisions to "position us to be sold," or "to make a quarter," and we don't use "other people's money." When we acquire, we hold companies indefinitely (we've made 14 acquisitions, and to this day we've held 100 percent of them).
It's a pleasure to watch AVI thrive, thank you to all of our customers and employee owners for making it possible.