Commercial Integrator March 2021 - 6

CI NEWS IN BRIEF RECENT STORIES PEOPLE AND PLACES WHAT'S NEW
Fortissimo Capital Fund
Acquires Controlling
Stake in Kramer
Electronics
NSCA Electronic Systems Outlook
Reveals 6% Decline in Construction
Growth Ahead
INTRO COPY NSCA recently
announced the release of its
Electronic Systems Outlook
Winter 2020 report.
This research includes
information based on actual
data from January through
November 2020, as well as
forecasted information for
2021 and beyond.
NSCA partners with FMI to
FORTISSIMO CAPITAL Fund has
acquired a majority interest in
Kramer Electronics, the companies
recently announced.
Company founders Michael
and Ben-Zion Hochstein will
retain their interests in the company
as part of the acquisition,
while Dr. Joseph Kramer, an
entrepreneur and the founder
of Kramer Electronics, is retiring
from the company.
Fortissimo Capital Fund is
a private equity fund based
in Israel, with capabilities to
facilitate the growth of technology
companies. The company
manages $1.6 billion in capital
and has invested in approximately
50 companies in Israel
and abroad.
" I would like to thank Dr
Kramer for the many years he
has dedicated to the success
of our company, " said Kramer
CEO Itzhak Bambagi. " Dr.
Kramer was one of the founding
fathers of the AV industry
and contributed greatly to the
company's position as a world
leader in its field.
" Fortissimo's investment
in our company is a major
milestone and I am confident
that under their guidance we
can grow and become an even
more significant player in the
6
market, " he said.
" This year, we are celebrating
40 years since the founding
of Kramer Electronics, "
said Bambagi in the Kramer
announcement.
" The initial pillars upon
which the company was built,
with a focus on constant innovation,
the pursuit of excellence
and team spirit remain the driving
force of our business today.
These values and our strategic
direction will continue to drive
the company's future success, "
he said.
" Kramer's continued innovation
and innovative solutions
including cutting-edge cloud
technologies, pioneering methods
of delivering AV over IP
and wireless presentation and
collaboration advances have
solidified its position as a leader
in the industry, " said Yuvan
Cohen, managing partner of
Fortissimo Capital and chairman
of the board at Kramer.
" Digital multimedia and AV
technologies are thriving, and
we see Kramer Electronics as a
great global platform with over
25 offices worldwide to further
grow and enhance its operations, "
he said. " We are thrilled
to participate in the next phase
of Kramer's journey. "
Commercial Integrator MARCH 2021
commercialintegrator.com
provide this biannual report,
which offers " the newest,
most relevant indicators of
business opportunities for
integrators, " according to the
association announcement.
" By tracking new construction
starts and renovations
across multiple markets -
including healthcare, lodging,
retail, education, houses of
worship, and more - NSCA
pinpoints which verticals
should do well in 2021 and
years to come, " the announcement
says.
Total U.S. construction
spending put in place is
forecast to end 2020 up 1%
compared to a 2% increase in
2019, according to the NSCA
report. For 2021, FMI forecasts
a 6% decline in engineering
and construction spending
compared to 2020.
The Electronic Systems
Outlook Winter 2020 edition
also provides an updated view
of construction data by market
for electronic systems/technology,
including AV, data/IT,
building automation/control,
life safety/fire/security, and
digital signage/lighting.
" 2020 was certainly a
challenging year for NSCA
members. Projects were put
on hold and some were cancelled
altogether, " said NSCA
executive director Chuck
Wilson in the association
announcement.
" On the flipside, we saw
rapid technology deployment
for mission-critical applications
placing huge demands on available
labor and supply chain resources, "
he said. " At this time
last year, our No. 1 issue was a
lack of qualified workers.
" Today, our No. 1 issue is
revenue predictability and
matching revenue to staffing, "
said Wilson.
Integrators can use the
Electronic Systems Outlook to
benchmark sales numbers and
prepare business valuations.
Growth indicators can be
used to determine incentive
programs, reveal new market
potential, and appropriately
distribute resources. This forecast
data can also be shared
with financial advisors and
lenders to prove the stability
of systems integrators in the
marketplace.
The Electronic Systems
Outlook is free for NSCA
members.
http://www.commercialintegrator.com

Commercial Integrator March 2021

Table of Contents for the Digital Edition of Commercial Integrator March 2021

Commercial Integrator March 2021 - Cover1
Commercial Integrator March 2021 - Cover2
Commercial Integrator March 2021 - 1
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Commercial Integrator March 2021 - Cover3
Commercial Integrator March 2021 - Cover4
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https://www.nxtbook.com/emerald/commercialintegrator/december_2022
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