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Stratix Corporation Announces Majority Equity Investment From Grey Mountain PartnersNORCROSS, GA, Dec 05, 2011 (MARKETWIRE via COMTEX) -- Stratix Corporation announced Grey Mountain Partners' ("Grey Mountain") acquisition of a majority interest in the company. Headquartered in Norcross, Georgia, Stratix is a leading provider of enterprise mobile software and service solutions in the United States. Founded in 1983, Stratix served as a preeminent barcoding and data capture consulting services company for the supply chain. Over the last seven years Stratix invested heavily in an experienced Executive Management team bringing large enterprise mobile experience into the company's solution offerings. The Stratix footprint quickly expanded and today the company is a leading mobile integrator for Fortune 1000 companies in the Retail, Transportation & Logistics and Field Service marketplace. Jeff Vincent, Managing Director of Grey Mountain, said, "Stratix has established stable, long-term customer relationships while developing a leading position as a scale player in the fast growing and highly fragmented mobile enterprise industry. We look forward to working with the outstanding Stratix Management team, who has been the cornerstone to the company's organic growth and expansion of mobile software and service solution offerings. Together we will continue building upon the Stratix reputation of excellent customer service and best in class technical expertise. We see a solid opportunity to expand the Stratix solution offerings and geographical reach." "We have experienced dramatic growth in business volume and diversification of our mobility solution offerings over the past five years," said Bonney Shuman, co-founder of Stratix. "In order to maintain this incredible trajectory, it was clear that Stratix would be best served by having new sources of equity capital. Grey Mountain will provide the resources to further accelerate the growth of Stratix while continuing to provide best in class services to our customers." "We are very excited to have Grey Mountain as our new partner," said Gina Gallo, Chief Executive Officer and President of Stratix. "We are well positioned to take our business to the next level and become the industry enterprise leader with a model that can scale and reach critical mass for the mobile marketplace." ABOUT STRATIX CORPORATION Stratix is a leading provider of enterprise mobile software and service solutions. From architecting highly configurable rules-based Stratix Mobile software solutions to managing an entire company's mobile assets, Stratix delivers results in operational efficiency and improved customer service. Many of the world's Fortune 1000 companies operating in retail, transportation & logistics, and field service partner with Stratix for mobile consulting, design, deployment and support of integrated end-to-end mission critical mobile solutions. ABOUT GREY MOUNTAIN PARTNERS Grey Mountain Partners is a leading private equity firm based in Boulder, Colorado which invests in middle market companies. Grey Mountain provides resources to its portfolio companies and helps its businesses achieve strategic goals and operational excellence. For additional information, please contact: Heather Ferrer Standrod Stratix Corporation 678.992.2990 Email Contact 4920 Avalon Ridge Parkway Norcross, GA 30071-1572 www.stratixcorp.com Tel: 1.800.883.8300 SOURCE: Stratix Corporation http://www2.marketwire.com/mw/emailprcntct?id=2BADC2C47700D6D5 http://www.stratixcorp.com/ |