Freedom Scientific and Optelec Join Forces in Assistive Technology Merger
Americas, November 17 2015
ST. PETERSBURG, FL: Freedom Scientific and Optelec announced today that the two companies have merged to create the world’s largest assistive technology provider for people with vision disabilities. The two companies have a long history of providing innovative technology solutions that enable people who are blind and low vision to reach their full potential – to gain an education, obtain employment, succeed in professional careers, and live independently throughout their lives.
“Combining our complementary businesses gives us the broadest portfolio in the industry and unmatched worldwide distribution and customer support,” said John Blake, CEO of Freedom Scientific.
“The combined company will be able to offer customers a broad portfolio of well-known brands of video magnifiers, scanning and reading solutions, refreshable Braille displays, and the industry’s most recognized screen reading software, JAWS for Windows.”
“Our employees are energized by the capability that results from this merger and we are eager to start working together to deliver market leading solutions, training and support to the broadest audience of users who are blind and low vision,” said Maarten Bosch, CEO of Optelec.
Both companies were recently acquired by Vector Capital, a San Francisco based firm that invests in market leading global technology companies.
“We are excited to bring together two of the industry’s leading companies to create a global, diversified end-to-end technology provider to the low-vision and blind community,” said Andy Fishman, a Managing Director at Vector Capital. “The combination, integration and platform created will enable continued investment, support and growth for the combined company.”
The combined holding company will retain the individual Freedom and Optelec brands and product portfolio as the two businesses work on the integration and realization of all the anticipated customer benefits.