In a release from AMX today:
AMX, the leading provider of solutions that simplify the implementation, maintenance, and use of technology to create effective environments, announced its 30th year in business. The company will commemorate the milestone with events throughout the year.
“I know I speak for everyone at AMX when I say how grateful we are for our 30 year legacy,” said president and CEO, Rashid Skaf. “Around the world, award-winning AMX products are installed in hundreds of thousands of installations. I am especially proud of the company AMX has become, the innovations we have fostered over the years and want to thank our customers, partners, friends and families for supporting our journey and look forward to what lies ahead in the next 30 years.”
In 1982, salesman Scott Miller was looking for that special, yet-to-be invented product. Miller was looking for a way to use a wireless garage door opener to control a slide projector. From his sales experience, he was convinced people would gladly give up being tethered to a slide projector and appreciate the ability to move around a room during presentations to help keep their attention. Little did Scott know this concept would drive the vision of the company he and his wife Roslyn were about to found. He built the first run of MX20’s and sent several to customers with an ultimatum - ‘if you like them, pay me for them, if not, send them back.’ With that, the AMX MX20 was born, launching not only a new business but an entire industry. AMX was primed to create products and solutions designed to make technology easier to manage and more enjoyable to use. “I still remember that night in 1982 when my wife and I celebrated the sale of six $200 remote controls for slide projectors – our first big order,” said AMX founder, Scott Miller. “The emotional rush I got from that $1237 deal really got me.”
For the next ten plus years, AMX employees helped create an open, dynamic corporate culture that enjoyed tremendous growth. But the growth was more than just increases in revenue. Focusing on solutions that enabled and excited, the company produced a wide variety of technology firsts that gained regional, domestic and international attention. Additional growth occurred as AMX spread its vision of simplicity and excitement to new markets and opportunities.
In November of 1995 the company became publicly traded on the NASDAQ stock exchange under the symbol AMXX. By this point, the products and solutions available from AMX had been adopted by the majority of Fortune 500 companies and a user’s list of home installations that read like a global Who’s Who. Shortly after, AMX made its first acquisition of AudioEase, Inc., as part of a strategy to enhance its penetration into the residential market. Shortly after, AMX continued residential expansion with the acquisition of PHAST, a Salt Lake City-based company.
Starting in 2001, the future president and CEO Rashid Skaf spearheaded a succession of innovative products that would again, forever change the landscape of the industry. The Modero line of touch panels was introduced and quickly earned the reputation as the ‘controlling force.’ This would become an AMX flagship product family. Right behind that, AMX announced another important product, Resource Management Suite (RMS), a software solution designed