February 29, 2016 05:11 PM Eastern Standard Time
NORCROSS, Ga.--(BUSINESS WIRE)--Stratix Corporation today announced that Tailwind Capital, a middle-market private equity firm investing in growth-oriented companies, is acquiring the company. Headquartered in Norcross, Georgia, Stratix is a leading provider of outsourced Managed Mobile Service (MMS) solutions for many of the largest global brands within the retail, manufacturing, transportation and field service industries.
“Our proven track record in the MMS space uniquely qualifies Stratix to continue expanding our footprint and leveraging our experience in both the rapidly growing mid-market sector as well as the new market opportunities around the Internet of Things”
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Founded in 1983, Stratix has evolved from a preeminent data capture consulting services company for the supply chain to one of the largest national MMS providers, with the most comprehensive mobile service portfolio in its space. The company leverages deep industry expertise, expansive service offerings and mobile specialization to provide consulting, deployment, software, 24x7 support and asset management services for the enterprise mobile workforce. itrac360, the company’s real-time asset visibility portal is recognized by customers as a differentiator in the industry enabling end-to-end visibility into a customer’s mobile devices and solutions.
Tailwind Capital Operating Executive Geoffrey Baird, who will join the Board of Directors as Stratix Chairman, commented, “Stratix is well positioned as a leader in the explosive MMS sector. We’ve been tremendously impressed with the partnerships Stratix has established with major global brands in the mobile sector as well as its impressive long standing customer relationships. The company’s commitment to exceeding client expectations and creating trusted advisor status is remarkable.”
Adam Stulberger, a Partner at Tailwind Capital said, “Stratix has an impressive track record for consistently delivering business critical services in a very dynamic mobile marketplace. We believe this rapidly changing and expanding MMS industry offers substantial growth opportunities for the company through both organic initiatives and add-on acquisitions. We look forward to working closely with Stratix and their veteran management team to drive future growth.”
“Our proven track record in the MMS space uniquely qualifies Stratix to continue expanding our footprint and leveraging our experience in both the rapidly growing mid-market sector as well as the new market opportunities around the Internet of Things,” said Gina Gallo, Chief Executive Officer for Stratix. “More and more companies are leveraging mobile technology to transform their business, but are unable to scale their internal support to operationalize their mobile investments. With support from Tailwind, we have the resources to dramatically scale our presence as a leading MMS provider in these new markets, while ensuring we continue to deliver on our core mission of excellent service and helping clients realize the full value of their mobile investments.”
About Stratix Corporation
Stratix is the trusted advisor for many industry leading global enterprises, offering the most comprehensive managed services portfolio to operationalize and help deliver full value for their clients’ mobile investments. With over 30 years of experience, Stratix has the proven mobile expertise and service execution to help companies transform any mobile challenge into a competitive edge. Through a proven outsourcing model, Stratix offers enterprise clients the most flexibility in solution acquisition, project deployment, technical support and full life cycle asset management programs. For more information about Stratix Corporation, visit www.stratixcorp.com
About Tailwind Capital Partners
Tailwind Capital is a leading private equity firm focused on growth-oriented investments in the middle market in the healthcare, business services and industrial services sectors in North America. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions and operational and strategic improvements. Since its founding in 2003, Tailwind and its portfolio companies have completed more than 65 acquisitions. The firm currently manages over $2 billion of committed equity capital. For more information about Tailwind Capital Partners, visit www.tailwind.com
Contacts
Stratix Corporation
Heather Ferrer Standrod, 678-992-2990
heather.ferrer@stratixcorp.com