AeA, ITAA To Merge By Year's End
A merger of the American Electronics Association and the Information Technology Association of America will close by the end of the year, the high-tech trade groups said Tuesday. The organizations' boards have formally approved the pairing, which was announced in September. The group will be called the Technology Association of America and represent approximately 2,000 member companies. ITAA previously acquired the Cyber Security Industry Alliance and the Government Electronics and Information Association.
AeA Chairman Peter Boni, president of Safeguard Scientifics, said in a release that the merger will offer the industry a strong voice on Capitol Hill and extends to the incoming Obama administration "a united partner to foster innovation and address the challenges ahead." ITAA Chairman Hank Steininger, a managing partner at Grant Thorton, also praised the move. Read previous CongressDaily and National Journal coverage here and here.
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