WestView Capital Partners has sponsored a recapitalization of Wavelink Corp., a Midvale, Utah-based provider of enterprise mobility software focused on automatic identification and data capture. No financial terms were disclosed.
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.”
“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.