Midas exodus ?
- Thread starter andrew gissing
- Start date
Re: Midas exodus ?
So Richard will be Cadac's only employee now? Or do they still have one guy to turn the light in the front window on at night to keep the burglers away?
So Richard will be Cadac's only employee now? Or do they still have one guy to turn the light in the front window on at night to keep the burglers away?
Re: Midas exodus ?
This came up over at PSW a week ago. I suggest that helping launch a successful line of mixers that pretty much saved Midas makes those departing particularly valuable to another company. I mean, how many more new products will Midas be launching in the next 24 months? Probably none. SSL is moving into the live market and Cadac really needs some new thinking, so to see Jason, Richard, and Jay moving on should be seen as opportunity for them.
Or they're jumping ship before Music Group "consolidates" the Kidderminster design functions in Germany...
You can decide, but my guess is that they're leaving while the smell of success is still in the air.
This came up over at PSW a week ago. I suggest that helping launch a successful line of mixers that pretty much saved Midas makes those departing particularly valuable to another company. I mean, how many more new products will Midas be launching in the next 24 months? Probably none. SSL is moving into the live market and Cadac really needs some new thinking, so to see Jason, Richard, and Jay moving on should be seen as opportunity for them.
Or they're jumping ship before Music Group "consolidates" the Kidderminster design functions in Germany...
You can decide, but my guess is that they're leaving while the smell of success is still in the air.
Re: Midas exodus ?
Exactly Tim. They are moving to a situation better for them, not necessarily leaving a bad situation. Progress moves toward the better...hopefully.
Exactly Tim. They are moving to a situation better for them, not necessarily leaving a bad situation. Progress moves toward the better...hopefully.
Re: Midas exodus ?
Either way, I think we all prefer to have more experienced people at Midas rather than less experienced personnel.
Either way, I think we all prefer to have more experienced people at Midas rather than less experienced personnel.
Re: Midas exodus ?
I'm shocked.... (not)
Any student of past corporate acquisitions has seen the similar pattern before. I'd be more shocked if a number of key employees didn't leave. If they actually wanted to work for Behringer they most likely already could have.
There are advantages to having the muscle of a huge corporation behind you, but disadvantages from having to deal with a different corporate culture and a new boss man.
JR
I'm shocked.... (not)
Any student of past corporate acquisitions has seen the similar pattern before. I'd be more shocked if a number of key employees didn't leave. If they actually wanted to work for Behringer they most likely already could have.
There are advantages to having the muscle of a huge corporation behind you, but disadvantages from having to deal with a different corporate culture and a new boss man.
JR
Re: Midas exodus ?
I'd like to be a fly on the wall at a meeting between H.P. and U.B......
I'm shocked.... (not)
Any student of past corporate acquisitions has seen the similar pattern before. I'd be more shocked if a number of key employees didn't leave. If they actually wanted to work for Behringer they most likely already could have.
There are advantages to having the muscle of a huge corporation behind you, but disadvantages from having to deal with a different corporate culture and a new boss man.
JR
I'd like to be a fly on the wall at a meeting between H.P. and U.B......
Re: Midas exodus ?
This is what I heard from Jay. The 'old guard' has done well, they're happy with the 'new guard', now time to look for a company to pour their high-$$$ and new thinking capabilities into.
If this is similar to what many other mixing companies have done, it makes sense. Start with a high dollar console, get some good names on board (company and users), recoup some R&D, use that IP to release products scaled down at lower price points. Midas has Pro9 to Pro1, not much left downward anymore; SSL is just starting the process. It can get boring when the trailblazing is done, and all that's left is answer phones, fill orders, and train. Hence talking to Jay (after the switch), as that would have had potential to turn up 'dirt' if that was the driving force for this.
This is what I heard from Jay. The 'old guard' has done well, they're happy with the 'new guard', now time to look for a company to pour their high-$$$ and new thinking capabilities into.
If this is similar to what many other mixing companies have done, it makes sense. Start with a high dollar console, get some good names on board (company and users), recoup some R&D, use that IP to release products scaled down at lower price points. Midas has Pro9 to Pro1, not much left downward anymore; SSL is just starting the process. It can get boring when the trailblazing is done, and all that's left is answer phones, fill orders, and train. Hence talking to Jay (after the switch), as that would have had potential to turn up 'dirt' if that was the driving force for this.
Re: Midas Exodus? (HP-UB Verbal Smackdown)
Not even if the topic was reverse-engineered FLS?
(My apologies if that's a sore subject...)
Not even if the topic was reverse-engineered FLS?
(My apologies if that's a sore subject...)
Re: Midas Exodus? (HP-UB Verbal Smackdown)
Didn't anybody tell you not to poke the bear?
I doubt I would learn anything from listening to those two bloviate about IP (or FLS).
I am honored that my original creative work was considered good enough to copy more than once.
I'll leave it to the courts to ajudicate if there was protected intellectual property violated and any remedy justified. It was all work for hire and I have been off the reservation a long time so I can neither win or lose.
It looks like the lawyers always win.
JR
Didn't anybody tell you not to poke the bear?
I doubt I would learn anything from listening to those two bloviate about IP (or FLS).
I am honored that my original creative work was considered good enough to copy more than once.
I'll leave it to the courts to ajudicate if there was protected intellectual property violated and any remedy justified. It was all work for hire and I have been off the reservation a long time so I can neither win or lose.
It looks like the lawyers always win.
JR
Re: Midas exodus ?
Dear Tim and all,
Allow me to introduce myself. My name is Nigel Beaumont and I lead the Professional Division of the MUSIC Group, which encompasses the brands MIDAS, KLARK TEKNIK and TURBOSOUND.
Let me start by saying that I second your emotion in wishing Jay, Jason and Richard Ferriday the very best in their future endeavours. To a man they are among the best I have worked with in the industry and although a loss for us, we all wish them nothing but success in their careers going forward. That said, it is important to recognise that we still maintain one of the best technical and product support teams in pro audio. In fact, MIDAS have been nominated for a Pro Sound Award for exemplary after-sale service to be presented at the legendary Ministry of Sound in September.
Prior to joining the MUSIC Group, I was in a senior role with Harman for more than ten years and despite having been in a very established position, the opportunities, immense focus and demonstrated success of the MUSIC Group convinced me to make the move. Having been with the Company for two years I can honestly say that there is no other company out there with such growth, track record, focus, resources and passion for the audio business. Since taking the reins of the Professional Division earlier this year I have set a goal for MIDAS, KLARK TEKNIK and TURBOSOUND to grow the product lines and make our organisation more accessible than ever. Our emphasis is on the less glamorous but decidedly more substantive components of engineering and product support.
I think you’d agree that in the professional audio world it is far more important to deliver the feature set, reliability and support that users demand than fancy marketing campaigns, and that’s where we want to focus our efforts. What’s important to our users and dealers is deep understanding of the products, applications and support both before and after the sale. On both these counts we continue to lead with people based in Manchester and Kidderminster in the UK, Las Vegas for the Americas, and most recently from our base in Southern China for pan-Asian support.
In keeping with this strategy, we acquired a US$ 4 Million state-of-the-art building with 24,000 sq. ft. of space and have since grown the Manchester Centre of Excellence team to almost 60 engineers (there were only 8 when MUSIC Group acquired MIDAS three years ago); and we have still have 20 more open positions to fill. We have also made some pretty important new hires in other departments and will be announcing them very soon.
Our investment in Research and Development as well as Technical Support is second to none and we currently count more than 260 engineers worldwide. With Uli’s engineering background, he truly understands and supports the value of IP creation and hence the massive investment in R&D.
Since bringing manufacturing entirely in-house in our own factory and investing US$ 20 Million in high-tech equipment, not only have we vastly improved first-pass yield, but we have also cut development time by half. Through a full integration of design, development and manufacturing engineering plus a large MIDAS team stationed permanently in China, we are designing and building even better products and bringing them to market more quickly. In fact, MIDAS has launched more products in the past three years than it did during the ten years prior to acquisition by the MUSIC Group. The PRO-2 and PRO-1 consoles have become industry standards almost instantly upon launch.
Over the past three years, MIDAS/KLARK TEKNIK has grown almost four times in revenue and we have reinvested all profits into these celebrated brands’ future. It is a very exciting time as we’re in the process of writing a truly new chapter. Someone mentioned not to expect any new products within the next 2 years. Please remember this thread and let’s see if we can surprise you. ;-)
While my extremely busy schedule keeps me an infrequent participant in this forum, I welcome any questions about MIDAS, KLARK TEKINK or TURBOSOUND, all of which are part of the Professional Division of MUSIC Group.
Cheers,
Nigel
Dear Tim and all,
Allow me to introduce myself. My name is Nigel Beaumont and I lead the Professional Division of the MUSIC Group, which encompasses the brands MIDAS, KLARK TEKNIK and TURBOSOUND.
Let me start by saying that I second your emotion in wishing Jay, Jason and Richard Ferriday the very best in their future endeavours. To a man they are among the best I have worked with in the industry and although a loss for us, we all wish them nothing but success in their careers going forward. That said, it is important to recognise that we still maintain one of the best technical and product support teams in pro audio. In fact, MIDAS have been nominated for a Pro Sound Award for exemplary after-sale service to be presented at the legendary Ministry of Sound in September.
Prior to joining the MUSIC Group, I was in a senior role with Harman for more than ten years and despite having been in a very established position, the opportunities, immense focus and demonstrated success of the MUSIC Group convinced me to make the move. Having been with the Company for two years I can honestly say that there is no other company out there with such growth, track record, focus, resources and passion for the audio business. Since taking the reins of the Professional Division earlier this year I have set a goal for MIDAS, KLARK TEKNIK and TURBOSOUND to grow the product lines and make our organisation more accessible than ever. Our emphasis is on the less glamorous but decidedly more substantive components of engineering and product support.
I think you’d agree that in the professional audio world it is far more important to deliver the feature set, reliability and support that users demand than fancy marketing campaigns, and that’s where we want to focus our efforts. What’s important to our users and dealers is deep understanding of the products, applications and support both before and after the sale. On both these counts we continue to lead with people based in Manchester and Kidderminster in the UK, Las Vegas for the Americas, and most recently from our base in Southern China for pan-Asian support.
In keeping with this strategy, we acquired a US$ 4 Million state-of-the-art building with 24,000 sq. ft. of space and have since grown the Manchester Centre of Excellence team to almost 60 engineers (there were only 8 when MUSIC Group acquired MIDAS three years ago); and we have still have 20 more open positions to fill. We have also made some pretty important new hires in other departments and will be announcing them very soon.
Our investment in Research and Development as well as Technical Support is second to none and we currently count more than 260 engineers worldwide. With Uli’s engineering background, he truly understands and supports the value of IP creation and hence the massive investment in R&D.
Since bringing manufacturing entirely in-house in our own factory and investing US$ 20 Million in high-tech equipment, not only have we vastly improved first-pass yield, but we have also cut development time by half. Through a full integration of design, development and manufacturing engineering plus a large MIDAS team stationed permanently in China, we are designing and building even better products and bringing them to market more quickly. In fact, MIDAS has launched more products in the past three years than it did during the ten years prior to acquisition by the MUSIC Group. The PRO-2 and PRO-1 consoles have become industry standards almost instantly upon launch.
Over the past three years, MIDAS/KLARK TEKNIK has grown almost four times in revenue and we have reinvested all profits into these celebrated brands’ future. It is a very exciting time as we’re in the process of writing a truly new chapter. Someone mentioned not to expect any new products within the next 2 years. Please remember this thread and let’s see if we can surprise you. ;-)
While my extremely busy schedule keeps me an infrequent participant in this forum, I welcome any questions about MIDAS, KLARK TEKINK or TURBOSOUND, all of which are part of the Professional Division of MUSIC Group.
Cheers,
Nigel
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Re: Midas exodus ?
I have no skin in the game, Nigel, I'm just playing "armchair quarterback" based on 30+ years of observations of how our relatively small industry seems to work.
Have fun, good luck, and best wishes to Midas as you all negotiate the changing markets.
Tim Mc
I have no skin in the game, Nigel, I'm just playing "armchair quarterback" based on 30+ years of observations of how our relatively small industry seems to work.
Have fun, good luck, and best wishes to Midas as you all negotiate the changing markets.
Tim Mc
Re: Midas exodus ?
Hi Nigel welcome to the forum and good luck... Your first several posts look like a cut and paste of the same message... are they different?
The pro audio community appreciates company reps answering product questions.
Good luck with an aggressive product development schedule. New products are often easier to start than finish, while derivative products should be easier, but even they can have their gotcha's.
JR
Hi Nigel welcome to the forum and good luck... Your first several posts look like a cut and paste of the same message... are they different?
The pro audio community appreciates company reps answering product questions.
Good luck with an aggressive product development schedule. New products are often easier to start than finish, while derivative products should be easier, but even they can have their gotcha's.
JR