INMUSIC SET TO ACQUIRE RANE CORPORATION

inMusic, Inc. (inMusic), the corporate owner of 13 premiere companies that delivers hardware and software solutions to the music, professional sound and consumer electronics industries, has announced that co-founders Linda Arink and Dennis Bohn have agreed to sell Rane Corporation to inMusic LLC. The transaction is set to be completed this summer. After the sale, Ms. Arink and Mr. Bohn plan to step down and retire.

Rane Corporation is known for its audio products for the DJ and professional sound markets. Founded and incorporated in 1981, and today Rane’s reputation for engineering excellence extends to a wide range of products, including DJ mixers, amplifiers, equalizers, networking products and crossovers.

The inMusic roster of companies spans the range from keyboards, electronic percussion, recording hardware and software, loudspeakers/headphones, amplifiers/media players/signal distribution, lighting and consumer electronics. Rane’s product offerings fit perfectly within this marketing approach, significantly strengthening and broadening inMusic’s reach into several key market segments.

Jack O’Donnell, CEO of inMusic said, “Rane Corporation is a great addition to inMusic. Rane is a dynamic, esteemed audio brand focused on enhancing DJ performance and professional sound.”