We are a leading global manufacturer and supplier of consumer electronic products in the automotive, premium audio and consumer accessory industries. We have developed a broad range of products sold under a portfolio of over 30 well-known consumer brands, including Klipsch®, 808 Audio®, RCA®, Acoustic Research®, Audiovox®, Magnat®, Heco®, Schwaiger®, Oehlbach®, and more. Additionally, we have an array of products within our automotive segment, with brands such as Invision®, Jensen®, Advent®, and Code-Alarm®. We maintain leading market share positions across targeted product categories and supply our products to a diversified customer base that consists of automotive OEMs, specialty consumer electronics, mass merchandise retailers, power retailers, 12-volt specialists, and other commercial entities.
Throughout the years, we have grown organically and through strategic acquisitions. Both methods have enabled us to expand our product offerings, diversify into new markets and expand our geographic reach. Since 2002, we have completed twelve acquisitions across all of our operating segments, while investing in emerging technologies and related companies. Most recently, we acquired majority control of a leading iris-based identity authentication company and formed EyeLock LLC, which provides us with cutting-edge technology and a growing intellectual property portfolio in the rapidly growing, global biometrics markets. We have also monetized prior acquisitions, the most recent of which was our sale of Car Communication Holding GmbH and its worldwide subsidiaries ("Hirschmann"), which resulted in a significant profit for our Company and our shareholders, while maintaining our leading market positions across the automotive market in the categories we continue to operate in, such as rear-seat infotainment, remote starts and more
We also have a substantial amount of research and development resources that enable us to introduce a robust pipeline of new products that are responsive to key market trends. We believe that by investing in innovation and introducing new products that are in demand by global consumers, we will be positioned over the long-term to expand our market share. Our global distribution and the long-term relationships we have established over a 50+ year history enables us to bring to market, new products under our current brands, as well as partner with other companies that seek to leverage our distribution and reach. Our Company was incorporated in 1987 as successor to a business founded in 1960 by John J. Shalam, our Chairman of the Board. Effective on December 1, 2011, Audiovox Corporation changed to VOXX International Corporation.