Linx Technologies Press Release - March 22, 2011
Alpine Investors Acquires Linx Technologies
Merlin, Oregon—March 22, 2011— Alpine Investors (Alpine), a middle-market private equity firm based in San Francisco, announces that it has acquired Linx Technologies (Linx), a leading provider of cost-effective wireless modules, antennas, connectors and wireless design services. Linx enables Wireless Made Simple® by providing design engineers with robust easy to implement wireless control and data modules and components.
As part of the transaction, Alpine has announced Tolga Latif, an executive-in-residence with Alpine, as the new President and CEO of Linx. Tolga brings marketing, sales and product development experience from various leadership roles at Danaher Corporation. “Linx will be able to capitalize on the rapidly growing wireless market with Linx’s existing team and Alpine’s capital and value add approach”, said Tolga. “We look forward to additional new product releases through increased investment and the application of accelerated product development tools.”
Linx’s founder and former President and CEO, Paul True, added, “Alpine is an ideal partner for Linx given its capital, long term outlook and its ability to bring an executive like Tolga to the company. This acquisition will provide Linx with the resources it needs to continue to support its current products and customers and expand Linx’s offerings. We are all very excited about this new chapter of growth with Alpine and Tolga.” Linx will continue to operate from its facilities in Oregon and Colorado. Paul will remain at Linx as Chairman and will remain active in new product development. Linx was represented by Arbor Advisors, a mergers and acquisitions financial advisory firm based in Palo Alto, CA. The financial terms of the transaction were not disclosed.
About Alpine Investors
Based in San Francisco, Alpine Investors is a middle-market private equity firm that invests in growing companies in technology, businesses services and consumer. The firm's $500 million of capital under management is used to provide liquidity to owners and fuel business expansion. Linx will be Alpine’s first investment in its newest fund, Alpine Investors IV SBIC, LP, which was raised in January 2011. For more information please visit www.alpine-investors.com or contact Matt Picciano at 415-591-1323 or firstname.lastname@example.org.
About Linx Technologies
Linx Technologies is a leading provider within the wireless industry of cost-effective, easily applied, and highly versatile radio frequency (RF) products. Since its inception, Linx has directly served over 10,000 customers and countless more through distributors worldwide. Linx is comprised of four divisions: Linx Technologies, Antenna Factor, Connector City, and Apex Wireless. The largest division, Linx Technologies, specializes in hybrid wireless modules, OEM RF products, and interface solutions such as encoder/decoder ICs. Antenna Factor specializes in cost-effective standard and custom antennas for a wide range of consumer and industrial wireless products. Connector City provides high quality standard and custom connectors and cable assemblies for volume OEM applications. Apex wireless provides consulting, engineering, and design services focusing on high-performance, cost-optimized products that employ wireless RF transmitters, receivers, and transceivers.
For further information regarding this press release please contact:
Matt Picciano, Alpine Investors