Mad Catz Acquires TRITTON Headsets

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Mad Catz Interactive, Inc. announced today that it has acquired 100% of the stock of TRITTON Technologies, Inc. (“TRITTON”), a privately-owned California-based provider of gaming audio headsets, high-performance multimedia consumer electronics and computer peripherals. Total consideration for this acquisition includes $1 million in cash at closing, subject to a working capital adjustment, and a maximum of $9 million in cash over the next five years subject to the sales performance of TRITTON’s products. In calendar 2009, on an unaudited basis, TRITTON generated approximately $8 million in revenue from sales principally to customers in North America.

TRITTON’s core products, its gaming headsets retailing from $69.99 to $169.99, represent a range of quality audio products that meet the interests of all gamers. Headsets operate on all of the major gaming platforms and computers, and feature a variety of unique additions including true Dolby Digital surround sound. In addition, TRITTON offers a distinctive line-up of USB video products including a simple, out-of-the-box solution to add multiple displays to

Pursuant to the terms of the agreement, Mad Catz will also enter into an employment agreement with TRITTON founder and Chief Executive Officer, Christopher Von Huben, and a limited number of other key TRITTON employees.

In : PC

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