Wednesday, March 21, 2012
Ohio-based LSI Industries acquired Beaverton lighting software startup Virticus for $8.15 million.
LSI Industries, headquartered near Cincinnati, manufactures lighting and graphics displays and specializes in LED technology. Virticus makes controls that manage outdoor lighting systems. Its technology will improve upon LSI Industries' lighting control systems, chief executive Robert Ready said in a statement.
Virticus will remain in Beaverton, and its managers will continue to work for the company.
Read more at OregonLive.com.