X-Rite Engages Broadview International LLC as Financial Advisor
17 February 2000
X-Rite, Incorporated Engages Broadview International LLC as Financial Advisor
GRANDVILLE, Mich.--Feb. 17, 2000--X-Rite, Incorporated today announced the engagement of Broadview International LLC as its financial advisor in connection with its strategic merger and acquisition activities.The Grandville, Michigan-based developer of color-critical solutions stated that it selected Broadview based on its global focus and expertise in several key sectors of the technology industry: communications and computing infrastructure, telecommunications services, enterprise software, digital media and content, and IT and technology-based services.
"It is imperative that X-Rite be prepared to move quickly on partnering opportunities and to acquire companies that will strategically position us for accelerated growth," stated Richard E. Cook, Chief Executive Officer and President of X-Rite, Incorporated. "Our alliance with Broadview will enable us to make the right moves at the right time bolstering our already significant technology cache. While we anticipate that our existing markets and technology will continue to grow on their own, our motivation for merger and acquisition activity is to expand into new markets and technologies enabling us to build a strong future."
Forward-Looking Statements
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, due to a variety of factors, some of which may be beyond the control of the Company.
About Broadview International LLC
Broadview International LLC is a leading global investment bank focused on the IT, communications and media industries worldwide. Broadview is also a private equity investor in these industries. Through a network of over 250 employees operating across the U.S., Europe, Asia and Israel, Broadview assists clients with mergers and acquisitions, restructuring and private financing. In 1999, Broadview represented 125 transactions with a total value of U.S. $15.4 billion. Recent transactions the firm has completed include the Texas Instrument's acquisition of Unitrode; Havas-Vivendi's acquisition of Cendant; the pending acquisition of the DII Group by Flextronics; Excite@Home's purchase of Blue Mountain Arts; Microsoft's acquisition of Sendit; Metamor's acquisition of GE Capital Consulting; and IBM's acquisition of Mylex.
About X-Rite
X-Rite, Incorporated , headquartered in Michigan, along with Labsphere, its wholly-owned New Hampshire subsidiary, maintains offices in Massachusetts, California, Germany, England, Hong Kong, the Czech Republic, France and Japan.
X-Rite, Incorporated is the world's leading provider of technically sophisticated instrumentation and user-friendly software solutions for a wide variety of color-critical applications including corporate branding, medical diagnostics, consumer products and on-line commerce.