Crosslake Acquires Intechnica; Accelerates European Presence
CHARLOTTE, N.C. - January 18, 2023 - (Newswire.com)
Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced today the acquisition of Intechnica, a technology firm specializing in due diligence, value creation and bespoke digital products and solutions. Headquartered in Manchester, England, Intechnica will accelerate Crosslake's global growth strategy.
"Our mission is to help investors and management teams create value by providing the most relevant technology expertise, data and tools," said Crosslake CEO, Barr Blanton. "Intechnica has built a stellar team with a similar vision and complementary capabilities. In addition to their incredible track record as advisors, Intechnica is also uniquely positioned to leverage its digital labs and data science expertise to help companies take action on some of the most common tech challenges uncovered during diligence, accelerating the development of products and solutions that create lasting impact."
"Together, the combined teams of Crosslake and Intechnica will become a leader in Europe, building on each other's strengths and accelerating value creation for clients," said Intechnica's founder, Jeremy Gidlow. "Crosslake's experience, data and expertise - especially in the areas of cybersecurity, engineering and enterprise systems - complements our current offerings and allows us to more fully create impact for clients. At the same time, we're also able to leverage Crosslake's global reach to expand the impact of our bespoke digital labs and data science services."
Crosslake is backed by Charlotte-based private equity firm Falfurrias Capital Partners, and the acquisition of Intechnica marks Crosslake's fourth strategic growth investment since 2020. Over the last two years, Crosslake has augmented its capabilities with proprietary, data-powered technology due diligence platforms and expanded its offerings in the areas of cybersecurity, enterprise systems, integrations and carveouts.
"With a clear vision and a strong leadership team, Crosslake continues to solidify its position as the preeminent tech advisory firm for private equity investors and their portfolio companies," said Wilson Sullivan, partner with Falfurrias Capital Partners. "They have a history of success in expanding their solution suite through acquisition of firms that share their commitment to client service and technology thought leadership."
About Crosslake
Crosslake was founded in 2010 by an original member of Microsoft's Engineering Excellence team with the intent to help changemakers buy, build and run technology that creates value. Crosslake's unmatched community of technical practitioners - former CTOs, CIOs, architects and engineers - are skilled at translating technology buzzwords into actionable, business-focused insight. Their seasoned judgment is supported by the patented Corsis® platform, which leverages data from more than 3,500 prior technology M&A transactions to define objective, measurable TechIndicators® that private equity investors and management teams rely upon to deliver strategic value creation initiatives and inform diligence. Learn more at: www.crosslaketech.com.
About Intechnica
Intechnica assesses, advises on, and builds technology for some of the UK's fastest-growing brands. Founded in 2006, Intechnica works in partnership with businesses, investors and enterprises to make technology make a difference. A trusted advisor to the private equity industry, Intechnica's specialist assessments and technology due diligence have supported over 350 transactions around the globe, with a value of over $15 billion. Intechnica's specialist advisory services support growing companies as they scale, providing technical leadership, product innovation, governance and reporting. These services are augmented by Intechnica's digital labs, which help businesses unlock value through high-performance, bespoke technology solutions for financial services, retail, healthcare, manufacturing and public sector. Learn more at: www.intechnica.com.
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised more than $1.9 billion across five funds and invests in growing, middle-market businesses in sectors where the firm's operational resources, relationships and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called "Industry First" to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams to create strategic value. For more information, visit www.falfurriascapital.com.
Contact Information:
Kerri Atkinson
[email protected]
+1 (214) 5322552
Press Release Service by Newswire.com
Original Source: Crosslake Acquires Intechnica; Accelerates European Presence
Learn About Edison Aerospace Green Energy Solutions
Edison Aerospace presents renewable green energy agricultural aviation solution at NAAA Convention January 15, 2023 – Miami, FL – The December 2022 annual convention of the National Agricultural Aviation Association (NAAA) was the very first opportunity for Ag spray operators and pilots to see the Edison Heavy1 prototype spray aircraft. Read more…
FMC GlobalSat Inc. ("FMC"), a global provider of 'best-in-class' satellite and wireless connectivity solutions, is pleased to announce it has become an authorized reseller of SpaceX's Starlink, the world's largest constellation of satellites in low Earth orbit, and will offer the service to its maritime and enterprise customers.
By adding Starlink's revolutionary high-speed, low-latency, internet system to its offerings, FMC is providing disruptive and cost-effective connectivity solutions. The integration of Starlink to FMC's innovative network platform provides a comprehensive end-to-end experience, seamlessly addressing the significant growth in global data consumption and expanding network convergence over 5G wireless and terrestrial fiber.
Implementing Starlink also further solidifies FMC's market-leading vertical integration of telecommunication hubs, data centers, web hosting and worldwide connectivity services. Starlink coupled with FMC's platform now further eliminates the burden of obsolete legacy network architecture and infrastructure with robust and resilient connectivity that is flexible and adaptable to the most discerning customers.
Emmanuel Cotrel, Chief Executive Officer of FMC, commented: "Starlink's combination of network performance, ease of use and cost-effectiveness is incredibly disruptive and enables activities historically feasible only with fiber and 5G broadband. FMC's innovative solutions integrated with Starlink's connectivity enables applications and services that require low latency and significant Mbps of bandwidth, that were, until now, considered unrealistic or cost prohibitive."
About FMC GlobalSat
Founded in 2017 and headquartered in Fort Lauderdale, Florida - USA, FMC GlobalSat, and its wholly owned subsidiary Santander Teleport, is a global provider of best-in-class satellite and wireless solutions to businesses that require reliable, secure, and cost-effective Broadband and M2M connectivity solutions.
FMC GlobalSat has pioneered the delivery of converged connectivity solutions on a global scale by partnering with major wireless carriers and satellite communications providers that incorporate 5G wireless solutions across CDMA, GSM, and LTE networks and high- throughput satellite (HTS) communications and now Low Earth Orbit satellite network. Our networks incorporate Tier 1 carriers, and satellite infrastructure, 24/7 enterprise-grade global technical support organization, which enable us to provide SD-Wan, direct VPN, MPLS, SCPC and other network tunnels while optimizing data traffic routes. For more information about FMC GlobalSat, please visit www.FMCGlobalSat.com
Contact Information:
Jerry Nevin
SVP Sales & Marketing
[email protected]
9546780697
Related Files
NEW-email-sig.gif
Press Release Service by Newswire.com
Original Source: FMC GlobalSat Becomes Official Starlink Reseller & Completes Network Integration for Maritime and Enterprise Customers
Schola Closes $10M Series A to Further Improve Student Recruitment and Engagement in PK-12 Schools
Schola Is the Smart Way To Discover Your Ideal Pk-12 School
CEO and Founder Jaime Martinez and Chief Marketing Officer Carlos Melendez showcasing Schola's free and easy to use school matching platform.
Schola, the online platform that helps families discover, connect, and enroll in the ideal PK-12 schools for their children, marks a new milestone by closing a $10M Series A round of funding. With triple-digit annual recurring revenue growth, this minority-founded and led organization has already surpassed 100K students searching for the most suitable school in their platform to improve educational outcomes across the United States. The growth investment will power Schola's continued nationwide expansion and standardization of how families and schools connect with one another, creating brighter futures for all.
"We're very excited about the additional resources from this investment that will allow Schola to execute further our vision for families and schools across America. We will continue adding tools to the platform to help students in every state find their perfect school, giving them a better chance to reach their full potential." - Jaime Martinez, Founder and CEO of Schola.
Channel Equity Partners led Series A, followed by significant investors Arizona Venture Development Corp, Revolution's Rise of the Rest (led by Steve Case, of AOL fame), EduLab, Stout Street, and Portfolia. Their support accelerates the addition of more mission-driven professionals to Schola's team and expands the capabilities of its double-sided school choice marketplace, strengthening Schola's commitment to increasing parents' engagement with their children's education. Schola will continue to revolutionize how English and Spanish-speaking families from various backgrounds connect with schools to build strong communities inside and outside the classroom.
"PK-12 student recruitment is yet another market transitioning from offline methods to streamlined, digital channels. The data showed that Schola's school partners receive a potential 15x return on investment from the value of enrollment applications generated by its marketplace. CEP is thrilled to support this amazing team that has developed the most efficient solution for schools and families to succeed." - Jensen Bryant, Co-Founder and Managing Partner of Channel Equity Partners.
About Schola: Schola is the leading software company for families and schools to improve PK-12 education outcomes. Schola helps families discover, connect, and enroll in the ideal school setting and helps schools source, enroll, and engage with prospective families. Schola believes that enrolling in the ideal learning environment must be accessible; thus, it is entirely free to parents and students. Learn more by visiting schola.com
Contact Information:
Carlos Melendez
Chief Marketing Officer
[email protected]
5202614903
Press Release Service by Newswire.com
Original Source: Schola Closes $10M Series A to Further Improve Student Recruitment and Engagement in PK-12 Schools
LONDON, England - January 17, 2023 - (Newswire.com)
Linnworks, the leading global provider of e-commerce enablement and operations management software solutions to omnichannel sellers, today announced that the company has appointed retail, technology and supply chain industry leader Chris Timmer as its new chief executive officer to lead the company through its next stage of growth. Timmer will also join Linnworks' board of directors.
A respected CEO and industry veteran, Timmer brings more than two decades of leadership experience spanning strategy, corporate development, operations and talent development. He has a deep knowledge of the rapidly changing multichannel e-commerce environment, as well as a history of helping customers innovate to address the growing complexities in managing the sale and fulfillment of goods at scale. His industry expertise and network, successful M&A experience and proven track record of organic international expansion will allow Linnworks to further solidify its position as the strategic growth partner for omnichannel sellers globally.
"I'm excited to join Linnworks at a time when the retail experience is continuing to evolve at a rapid pace," said Timmer. "Linnworks is uniquely positioned to help growing brands and retailers meet the needs and high expectations of today's modern consumer, and I look forward to working with our talented team to drive even greater customer success."
Timmer joins Linnworks from eoStar, an end-to-end software solution for direct store delivery distributors that provides leading route accounting, order management and warehouse management functionality, and where as CEO, he led the company through significant growth while achieving consistently high client satisfaction. Prior to eoStar, Timmer served as Chief Revenue Officer at BluJay Solutions (now E2Open), which was an evolution of a West Michigan company, Lean Logistics, that he helped to both start and grow to unforeseen levels of success.
"We are thrilled to welcome Chris as CEO of Linnworks as the leader we believe will bring the company to its next level of growth," said Peter Chung, a managing director, and Grant Schachter, a principal at Marlin Equity Partners. "We look forward to supporting Chris and the leadership team as Linnworks becomes the breakaway player in the IMS/OMS global marketplace."
"We also want to recognize the contributions of Callum Campbell, whose leadership brought us to where we are in the Linnworks journey today," added Roland Pezzutto, a managing director, and Nigel Clifford, an operating executive at Marlin Equity Partners. Campbell will continue to serve as a director on the company's board.
About Linnworks
Linnworks connects modern sellers with their customers around the world through inventory and order management software designed for the effortless economy. Linnworks powers businesses to drive growth and boost brand success, processing over $8 billion in gross merchandise value each year globally and serving product sellers across the customer journey from startups to scale-ups to some of the world's largest, recognizable brands. For more information, please visit www.linnworks.com.
Contact Information:
Monica Sullivan
Chief Marketing Officer
[email protected]
Press Release Service by Newswire.com
Original Source: IMS/OMS Leader Linnworks Appoints Retail & Supply Chain Technology Leader Chris Timmer as New CEO to Accelerate Company's Next Stage of Growth
