Anexinet Completes a Recapitalization with Marlin Equity Partners
PHILADELPHIA, Oct. 27, 2014 /PRNewswire/ -- Anexinet Corporation, a leading systems integration and technology management firm, today announced that it has completed a recapitalization agreement with Marlin Equity Partners ("Marlin").
"We are excited to be working with the Anexinet team to build upon the company's strong client base, long-term relationships with strategic technology providers, and impressive growth over the past several years," said Ryan Wald, a partner at Marlin. "Anexinet is a top-notch firm and we look forward to investing alongside the management team to achieve continued growth and success."
John Connolly, CEO at Anexinet, stated, "We selected Marlin as the firm we wanted to partner with because they share our strategic vision for the future. Anexinet is uniquely positioned to meet the growing needs of mid-market and enterprise organizations for products, services and cloud-based IT solutions. Together, we will work to expand organically and through follow-on acquisitions and we are excited for what this new venture will provide for our clients, partners and colleagues."
Anexinet specializes in application development, business intelligence, infrastructure services, mobility, project management, managed services, and cloud hosting services in the Mid-Atlantic and Northeast region. Our firm serves approximately 150 clients in a variety of industries including healthcare, insurance, utilities, manufacturing, financial services, and others.
Marlin is a global investment firm with over $3 billion of capital under management, and has an extensive and successful track record in the technology industry. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a firm's outlook and enhances value.
Jerry Levine, an operating partner to Marlin, added, "Anexinet is a well-run firm led by an experienced team and supported by excellent management practices. The company has fostered an exceptional culture focused on innovation, employee engagement and client service, and we are pleased to provide our operational guidance to help accelerate and drive future growth."
About Anexinet:
Anexinet, an award-winning systems integration and technology management company, enables mid-size and Fortune 1000 clients to optimize the value of their IT investments by improving performance and operational processes. Anexinet recommends, designs, delivers and supports systems integration with leading technology partners. An innovator for aligning IT with business goals, Anexinet protects project investments with accountability backed by certified consultants, industry best practices, and proprietary delivery models proven in successful client engagements. Anexinet is headquartered in Greater Philadelphia serving the Northeast and Mid-Atlantic regions. For more information, please visit www.anexinet.com.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company's outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 80 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
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SOURCE Anexinet
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