ClearOne Inc. Asset Sale to Biamp

ClearOne Inc. has announced the sale of its intellectual property, brands, and product designs to Biamp. The transaction does not include ClearOne's liabilities or support obligations. ClearOne will continue to provide technical support and honor warranties for existing products. Distributors with inventory can continue selling ClearOne products, but Biamp will not assume responsibility for existing support agreements or warranties. Biamp has introduced a program to swap ClearOne products for Biamp products at discounted rates, offering a transition path for customers. The acquisition aims to leverage ClearOne's technology to accelerate innovation within Biamp's portfolio.