| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Courtney Chandler
617-375-4217
courtney@revolutionpartners.com |
|
| ........................................................................................................... |
REVOLUTION PARTNERS ANNOUNCES $40MM FINANCING
Investment
Bank Continues its Growth With the Year’s
Third Largest Hardware Financing
BOSTON, MA (November 11, 2004) -- Revolution
Partners, a leading investment bank serving emerging growth
companies, has announced the closing of its most recent growth
capital transaction, a $40 million Series B financing for
Utah-based Linux Networx, Inc ., the leading innovator in
high performance Linux cluster systems. Revolution Partners
acted as exclusive placement agent to Linux Networx, executing
the third largest U.S. private growth financing in the hardware
sector this year.
The financing delivers Linux Networx two high-quality partners
- Oak Investment Partners and Tudor Ventures - with great
track records of building category leading companies. The
proceeds will be used to accelerate the introduction of new
products and to expand the company’s sales and |
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marketing functions.
For Revolution, the transaction represents a successful milestone
as it extends its activities in the hardware sector.
“Linux Networx is a strong company
with great IP that will drive its future growth.” said Mike MacKeen,
head of the private capital group at Revolution Partners “The
company has the opportunity to become the next significant systems
vendor, and we’re pleased to deliver them partners who can help
achieve that goal.” Revolution Partners has seen strong growth
in its financing business. MacKeen and his colleagues have raised more
than a billion dollars in expansion capital for emerging growth companies
in the software, communications, technology services and network infrastructure
sectors. The Linux Networx financing follows a $50 million financing
last year for VistaPrint, Ltd.
Linux Networx provides proven cluster computing systems that deliver
maximum sustained performance and high return on investment. To date,
the company has built some of the fastest cluster systems in the
world, and boasts numerous Fortune 500 customers. The company’s
systems deploy its innovative Evolocity® hardware and Clusterworx® cluster
management tools to execute complex applications for simulation,
analysis and modeling. Linux Networx customers include organizations
involved in manufacturing, life sciences research, oil and gas exploration
and government.
Revolution Partners is a Boston-based investment banking firm that
services a wide range of emerging growth sectors. In previous positions
at Credit Suisse First Boston, Robertson Stephens, Donaldson Lufkin & Jenrette,
and Broadview, the firm’s professionals executed transactions
exceeding $50 billion in value, including some of the most successful
equity offerings and mergers in history. Revolution Partners is committed
to applying this senior-level experience to challenging transactions
in the historically under-served emerging growth middle market.

Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.
Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com. |