Marlin Equity Partners said Feb. 21 that it has acquired Propelics Inc. Financial terms weren’t announced. Propelics, of San Jose, provides mobile strategy and mobile application development solutions for enterprise clients. Propelics has been merged with Anexinet, a Marlin portfolio company.
Marlin portfolio company Anexinet acquires Propelics
LOS ANGELES, February 21, 2018 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Propelics, Inc. (“Propelics” or the “Company”), a leading provider of mobile strategy and mobile application development solutions for enterprise clients. The company’s proven mobile engagement methodology fast-tracks enterprise customers for mobile success by helping them develop mobile strategies, tackle new technologies, and build intuitive mobile applications that simplify business processes and enable more engaging and productive mobile interaction. Propelics has been merged with Anexinet, a Marlin portfolio company, accelerating Anexinet’s modernization and digital business strategy and adding proven expertise in mobility solutions.
“Propelics has been focused on solving the critical needs of organizations and driving intelligent engagement with their key stakeholders by utilizing advanced mobile applications to deliver measurable improvement in employee productivity, customer satisfaction and revenue growth,” said Brad Hokamp, CEO, Anexinet. “By combining Anexinet’s digital and analytics capabilities with Propelics’ enterprise mobility solutions, we can now offer our customers a more comprehensive and compelling platform to enable their digital business transformation.”
“Propelics is a highly complementary acquisition that further strengthens Anexinet’s digital and analytics team,” said Ryan Wald, a managing director at Marlin. “We are pleased to be partnering with the founders and the impressive team they have built, as the combined business works with customers to better understand how they can leverage mobile applications.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 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 strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 120 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
Anexinet is a leading systems integration and technology management firm that delivers strategic, digital and technology solutions by leveraging the best combination of cloud products and services. Anexinet enables mid-size and Fortune 1000 clients to truly engage their customers and improve their business using innovative technology solutions. Anexinet’s solutions are backed by the accountability of certified consultants, industry best practices, the industry’s top technology partners and proprietary delivery methods that have been proven in thousands of successful client engagements. Anexinet is headquartered in Greater Philadelphia serving the Northeast and Mid-Atlantic regions. For more information, please visit www.anexinet.com.