XTEN-AV LLC Secures Strategic Investment from Resideo Technologies
XTEN-AV LLC, a provider of Pro AV (Professional Audio-Visual) design and proposal software, proudly announces it has received a minority investment from Resideo Technologies, Inc. This investment marks a significant milestone for XTEN-AV and sets the stage for expanded growth across the Pro AV industry.
Resideo is a leading global manufacturer and developer of technology-driven products that provide critical comfort, energy management, and safety and security solutions. Resideo is also a leading global distributor of security, life safety, AV and low-voltage products through its ADI Global Distribution business.
XTEN-AV provides a collaborative software platform for integrators to conceptualize designs and streamline proposal processes. Additionally, XTEN-AV helps maximize efficiency, benefiting integrators, designers, and end-users alike.
"We continue to see Pro AV as a growth category, and we're investing in technology to help drive the industry forward," said Stu Tisdale, SVP and Chief Experience Officer, ADI Global Distribution. "We recognize the value XTEN-AV's platform delivers, and we're excited to support them to advance their software platform and help deliver greater impact to customers."
XTEN-AV's cloud-based solution, integrating innovative design and drawing tools with a powerful proposal software, represents a catalyst for positive change. The platform's device and personnel agnostic approach ensures that critical project data is readily accessible, fostering collaboration and enhancing project management. Notably, XTEN-AV holds a utility patent for its drawings automation technology, reinforcing its position in the Pro AV software landscape.
"We are excited about the support from Resideo and ADI, as it enables us to reach a broader audience globally," said Vibhav Singh and Sahil Dhingra, co-Founders of XTEN-AV LLC. "This strategic investment not only strengthens our position in the market but also signifies a shared vision of advancing the Pro AV industry through innovation and efficiency."
The investment will support accelerated product development and enhanced support to XTEN-AV's growing user base.