Appian Graphics, Market Leader in Multiple Monitor Cards, Acquired by Private Investment Group.REDMOND, Wash.--(BUSINESS WIRE)--July 15, 1999-- -- Capital Provides Appian with Platform for Continuing Growth Through Aggressive Product Development and Marketing -- Appian Graphics Since its inception in 1994, Appian Graphics was one of the leading suppliers of multi-monitor graphics accelerators. The company was famous for its Jeronimo and Gemini product lines, and for the HydraVision display management software. (R), the leader in multiple monitor solutions, today announced its acquisition by an investment group led by Barry Peters Barrance William Peters is a short story writer, sportswriter, and teacher. He has been published in Sudden Fiction (Continued) (60 New Short-Short Stories) (ISBN 0-393-31342-5) and Teaching Writing from a Writer's Point of View , the new chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Appian Graphics, and comprised of Gemini Investors of Boston, Mass., and SSM SSM abbr. surface-to-surface missile Venture Partners of Memphis, Tenn. The infusion of private capital will accelerate Appian's growth through aggressive product development and marketing strategies aimed at the enlarging multiple monitor market. Since 1994, Appian has focused solely on the development of multi-monitor graphics cards and desktop management software. Its success in the financial and computer-aided design/manufacturing (CAD/CAM CAD/CAM in full computer-aided design/computer-aided manufacturing. Integration of design and manufacturing into a system under direct control of digital computers. ) markets has helped Appian become the leading supplier of multiple monitor solutions. Headquartered in Redmond, Wash., with affiliate offices in Copenhagen, Denmark, and London, United Kingdom, Appian distributes and sells its multiple monitor solutions in over 30 countries worldwide through distributors, dealers, value-added resellers (VARs) and original equipment manufacturers (OEMs). "Appian has the right vision, the right products and a talented management team," said David Millet millet, common name for several species of grasses cultivated mainly for cereals in the Eastern Hemisphere and for forage and hay in North America. The principal varieties are the foxtail, pearl, and barnyard millets and the proso millet, called also broomcorn millet , managing director of Gemini Investors. "We are confident that with a boost of additional funding, Appian has great potential for new growth and development." "In just a few years, Appian has propelled itself from a young company to the leading player in the market, all the while maintaining a profit," observed Dick Moeller, a partner at SSM Ventures. "We're excited to contribute to their future success." The acquisition by the investment group, which includes Appian's key management team, shows market confidence in Appian's strong operating results and future growth prospects. According to Appian's President Richard Clark, "The acquisition confirms Appian's leadership in the industry and will give us the capital necessary to enhance our position as the dominant provider of multiple monitor cards." No change in Appian Graphics management or operations is anticipated. About Gemini Investors Gemini Investors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (www.gemini-investors.com) has $140 million of capital under management. Gemini and its predecessor entity have been making investments in established, middle market companies since 1993. The firm has made a total of 16 investments during the last three years. Gemini raised two Small Business Investment Company (SBIC SBIC Small Business Investment Company SBIC Sustainable Buildings Industry Council SBIC Singapore Bioimaging Consortium (Singapore) SBIC School Bus Information Council SBIC Saudi Basic Industries Corporation SBIC Scsi Bus Interface Controller ) funds in 1995 and 1997. SBIC funds are licensed by the U.S. Small Business Administration. About SSM Ventures SSM Ventures (www.ssmventures.com), with $113 million of capital in its second fund, has focused on technology investments in software, information and telecommunications businesses, and non-technology investments in rapidly growing services businesses, typically healthcare, consumer and general business services. SSM, with offices in Memphis and Austin, invests in private equity transactions in private companies that require total equity capital of $5 to $30 million with SSM's investment ranging from $2 to $10 million. About Appian Market leader Appian Graphics designs, manufactures and markets award-winning, high performance multiple monitor display cards for information intensive markets such as finance, computer-aided design computer-aided design (CAD) or computer-aided design and drafting (CADD), form of automation that helps designers prepare drawings, specifications, parts lists, and other design-related elements using special graphics- and calculations-intensive (CAD), process control and digital content creation The development of newsworthy, educational and entertainment material for distribution over the Internet or other electronic media. See DAMS. . Dominating the multiple monitor industry with nearly half the market share, as reported by Dr. Jon Peddie in his April 1999 multi-monitor study, Appian's solutions have been recognized by world-renowned technology leaders such as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Dell and Microsoft. Additional information about the Redmond, Wash., based company can be found on the World Wide Web at www.appian.com. Appian Graphics is a registered trademark of Appian Graphics. Jeronimo, Appian Duet, Appian Gemini and HydraVision are all trademarks of Appian Graphics. All other trademarks are the property of their respective owners. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion