| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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WestView Capital Partners Invests in Wavelink
BOSTON, MA, June 16, 2009 - WestView Capital Partners today announced that it has partnered with management to lead a recapitalization of Wavelink Corporation, a leading provider of enterprise mobility software targeting the automatic identification and data capture market.
The Company's product offering enables large enterprises and small-to-medium sized businesses to develop and deploy wireless applications, securely manage their mobile assets and infrastructure and execute mission-critical functions to improve company-wide productivity. More than 10,000 companies in the retail, manufacturing, government, healthcare, and logistics industries utilize Wavelink's mobile development applications and mobile device and network management software for their ruggedized mobile devices including mobile handsets, PDAs, vehicle mount devices, wireless printers, RFID readers, flight data recorders and other wireless devices.
David Bullis, Chairman of Wavelink, expressed, "I have had a great relationship for many years with members of the WestView team and I welcome their approach to growth investing. We have developed the leading brand in our industry and anticipate continuing our success in partnership with WestView." |
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"Wavelink has solidified its market leading position in the enterprise mobility software market by delivering the highest level of product performance and customer service to our clients," said Lamar Van Wagenen, CEO of Wavelink. "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."
"We have known the Wavelink team since 2002 and have watched them build an outstanding organization," commented Rick Williams, managing partner at WestView, who will join Wavelink's board of directors along with WestView partner Jonathan Hunnicutt. "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."
About Wavelink Corporation
Wavelink is a market 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. Wavelink's emulation product family is the industry standard in providing host connectivity solutions. More than 10,000 companies across the retail, manufacturing, government, healthcare, 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 www.wavelink.com.
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.

Morgan Keegan Technology Group, a division of Morgan Keegan, is one of the nation's largest middle market investment banks specializing in mergers and acquisitions, private capital advisory and complete public equity capital markets services for the technology industry. Morgan Keegan Technology Group is highly-regarded for its expertise in particular technology niches including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors.
Morgan Keegan Technology Group was founded in 2001 by former senior technology bankers from major Wall Street investment banks. The firm's bankers have executed M&A transactions exceeding $10 billion in value over the course of their careers, including some of the most successful mergers in the industry. The partners also have raised over $6 billion of private capital for more than 100 clients. Today, with offices in Boston, Los Angeles, New York and San Francisco, Morgan Keegan Technology Group continues to apply its partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies.
In 2008 Morgan Keegan Technology Group was acquired by Morgan Keegan & Company, Inc. whose investment banking, brokerage and asset management capabilities are delivered by 4,400 employees from 300 offices. The firm is a subsidiary of Regions Financial (NYSE: RF), one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Together with Morgan Keegan, Revolution shares an entrepreneurial culture and commitment to high-quality transaction execution led by experienced senior bankers. For more information, visit www.revolutionpartners.com.
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