LOS ANGELES, April 29, 2011 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Xcitec GmbH (“Xcitec”), a leading provider of supplier management software for enterprise-level organizations. The company’s solutions enable its customers to achieve company-wide purchasing transparency, improve supplier performance, minimize risks and reduce costs. Xcitec will be integrated with Emptoris, Inc. (“Emptoris”), a Marlin portfolio company. The combination of Emptoris and Xcitec creates the market’s most comprehensive end-to-end solution that manages all business processes associated with Supplier Lifecycle Management including supplier qualification, risk assessment, performance management and rationalization.
“Emptoris and Xcitec customers will now have access to a single strategic solution that enables companies to deliver greater supplier management and performance,” stated Pat Quirk, CEO of Emptoris. “With the acquisition of Xcitec, Emptoris now has an expanded suite of six strategic solutions, more than 750 employees globally and over 330 Global 1000 customers.”
“The acquisition of Xcitec supplements Emptoris’ Supplier Lifecycle Management solution and demonstrates Marlin’s ongoing commitment to growing Emptoris, both organically and through select acquisitions,” added Jonah Sulak of Marlin.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm with over $1 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 that are in the process of undergoing varying degrees of operational, financial or market-driven change 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 45 acquisitions. For more information, please visit www.marlinequity.com.
About Emptoris
Emptoris is a leading global provider of enterprise supply and contract management software. Emptoris’ software and service solutions are used by Global 2000 companies in more than 75 countries and across a wide variety of industries. Emptoris is consistently recognized by independent research firms as providing the market’s most robust and proven supply and contract management software solutions. Emptoris is based in Burlington, Massachusetts and serves over 330 of the world’s most demanding global businesses. For more information, please visit www.emptoris.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.