Greenhill Capital Partners Acquires Equity Stake in Meritage Technologies.Business Editors
NEW YORK--(BUSINESS WIRE)--Aug. 23, 2000
Greenhill Capital Partners, the private equity fund of Greenhill & Co., a leading mergers and acquisitions advisory firm, announced today that it acquired a 13 percent equity stake in Meritage Technologies, a privately-held business-to-eBusiness transformation company that provides electronic business consulting and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. .
Under the terms of the agreement, the investment is in the form of convertible preferred securities. Scott L. Bok, a Greenhill managing director who will join Meritage's Board of Directors, said "Meritage Technologies is a profitable, well-run organization with a blue chip client list. Its revenues are growing in triple digits, and as demand continues to increase for eBusiness technology services, the Company is well-positioned to benefit."
"Greenhill provides strategic guidance, a network of partners and potential clients, access to capital to grow organically and through acquisitions, and sound financial advice, all of which are invaluable to a rapidly growing company like ours," added Pat Dailey, chief executive officer and co-founder of Meritage Technologies.
Meritage Technologies plans to use Greenhill's investment to accelerate its expansion of operations geographically, through internal growth, recruitment and strategic acquisitions. The company's expansion will both strengthen and broaden Meritage's services to its national and multi-national clients. Meritage Technologies redefines business processes, designs Internet solutions and integrates legacy systems to blend corporations' massive investments in brand awareness, capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) and intellectual property with eBusiness Internet tools to increase revenue, reduce operating costs operating costs npl → gastos mpl operacionales , and improve profitability.
For more information call Meritage Technologies at 1-614-847-7271, or visit the company's Web site at http://www.meritagetech.com.
About Meritage Technologies
Meritage Technologies, founded as Information Engineering Corporation in Columbus, Ohio Columbus is the capital and the largest city of the American state of Ohio. Named for explorer Christopher Columbus, the city was founded in 1812 at the confluence of the Scioto and Olentangy rivers, and assumed the functions of state capital in 1816. in 1995, provides an end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved.
Compare: turn-key solution. to its clients from digital consulting services, to architecture-design, to systems and data integration and support. Meritage has offices in Austin, Texas, Chicago, Cincinnati, Cleveland, Columbus, Detroit, Indianapolis, and Toledo, Ohio
Thermo has revenues of over $2 billion, and employs 11,000 people in 30 countries. Corporation, Munder Capital Management, General Electric Company (G.E. Lighting) and Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche . As part of its strategy, Meritage has partnered with a number of Internet application vendors including Broadwing, 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) , Lotus, Microsoft, onDisplay, Onyx and Vignette.
About Greenhill & Co.
Greenhill Capital Partners is the private equity fund of Greenhill & Co., an independent investment banking firm owned entirely by its partners that provides mergers and acquisitions and strategic advisory services advisory services
advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to clients worldwide. In 1999 alone, Greenhill & Co. advised on over $70 billion of transactions.
Greenhill Capital Partners focuses on identifying investment opportunities in industries whose structure is being fundamentally changed by the Internet, telecommunications and information technology. Greenhill Capital Partners believes that companies in these sectors, as well as the broad range of industries that they are influencing, will provide exceptional investment opportunities. In addition, Greenhill Capital Partners targets investment opportunities in a wide variety of businesses and industries where valuation discrepancies exist, reflecting the broad reach and specific expertise of Greenhill & Co.'s strategic advisory business.
Brand, company and/or product names mentioned herein may be trademarks and/or registered trademarks of their respective companies.