Wavelink Receives Investment from WestView Capital Partners
Company positioned for its next stage of growth
MIDVALE, UTAH—JULY 7, 2009—Wavelink Corporation (www.wavelink.com) today announced an investment from WestView Capital Partners, a private equity firm located in Boston. The relationship with WestView positions Wavelink for its next stage of growth and for future expansion of its product offering.
Wavelink enables businesses to develop and deploy wireless applications, securely manage their mobile assets and infrastructure, and execute mission-critical functions to improve company-wide productivity. Wavelink provides mobile development applications and mobile device and network management software for ruggedized devices, which include mobile handsets, PDAs, vehicle mount devices, wireless printers, RFID readers, flight data recorders and other wireless devices. More than 10,000 companies in the retail, manufacturing, government, healthcare and logistics industries utilize Wavelink software.
“We have known the Wavelink team since 2002 and have watched them build an outstanding organization,” commented Rick Williams, managing partner at WestView Capital Partners. “We look forward to working with management to strengthen their market-leading position and continuing the company’s strong growth and profitability by expanding the reach of Wavelink’s current products as well as through the introduction of new offerings.”
Wavelink CEO Lamar Van Wagenen added, “We look forward to partnering with WestView and working together to guide Wavelink through the next evolution of its growth. The WestView team has significant experience working with high-growth companies like ours, and we look forward to benefiting from their expertise.”
Wavelink management will retain full operating authority of the company, with Williams and Jonathan Hunnicutt, partner at WestView Capital, joining Wavelink’s board of directors.
Financial terms of the transaction were not disclosed.
About WestView Capital Partners:
WestView Capital Partners is a private equity firm focused exclusively on lower middle market companies. WestView partners with existing management teams to sponsor minority and majority recapitalization, growth, buyout and consolidation transactions in a wide range of industries including business and healthcare services, IT services, industrial, distribution/logistics, media/publishing and financial services. WestView targets companies with operating profits between $3 million and $15 million with investment sizes ranging from $5 million to $25 million. WestView is located in Boston, Massachusetts, and more information is available at www.wvcapital.com.
About Wavelink
Founded in 1992, Wavelink Corporation is the leading provider of multi-vendor mobile application development and mobile device and infrastructure management software. Wavelink’s technology solves the unique challenges involved in deploying, managing and controlling today’s enterprise mobility systems, and facilitates peak performance from frontline staff. Wavelink’s emulation product family is the industry standard in providing host connectivity solutions. More than 10,000 companies in the retail, manufacturing, government and logistics industries rely on Wavelink to accelerate application delivery, reduce device management and support costs, and tighten network security. For more information, please visit the company’s website at www.wavelink.com, or call 888-697-9283 from the USA and Canada or +800-9283-5465 outside the USA and Canada.
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Wavelink is a registered trademark of Wavelink Corporation. All other trademarks are the property of their respective owners.
Media Contact:
Rod Anderson
SNG PR for Wavelink
801-208-1100
rod.anderson@sng.com
www.sng.com
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