H.I.G. Capital has announced that its portfolio company, ATX Networks Corporation has acquired Innotrans Communications.
ATX is a designer and developer of patented, hybrid fibre coax and digital video processing equipment used by cable operators and a growing number of private video networks, A/V integrators, and telecommunication companies. Innotrans’ fibre optic solutions broaden ATX’s portfolio.
Headquartered in San Jose, CA, Innotrans develops and manufactures optical transport solutions for cable operators. The merger of Innotrans with ATX will establish a diversified, HFC access market leader poised to serve operators as they continue upgrading network capacity. Moreover, the scale, resources, and infrastructure of ATX will speed new product development and allow Innotrans to transform into a leading global player in the HFC access market.
“Innotrans represents a highly strategic and complementary investment. We have known the Innotrans management team for years and their technological expertise and ability to innovate is second to none across the HFC access market. Together, we plan to continue delivering outstanding network solutions and innovative new products in collaboration with our valued customers,” said Ken Wildgoose, ATX’s President and CEO.
Mani Ramachandran, Innotrans’ Founder and CEO commented, “We are excited to join the ATX team. Strategically, Innotrans will benefit greatly from being part of a larger organization focused on HFC technology and we are looking to fully utilize ATX’s scale and resources to deliver increasingly differentiated solutions and value to current and new customers on a global basis.”
Camilo E. Horvilleur, Managing Director at H.I.G. Capital, said, “Innotrans represents a transformative investment for ATX Networks, allowing the company to become a diversified network infrastructure solutions provider. The partnership provides InnoTrans with the resources and backing of a larger, more global business, enabling better customer experiences and faster development of new, innovative products.”
Ramachandran will serve as president of a newly created Optical Network Solutions Division within ATX, which will base its foundation for expansion using the current Innotrans team in its entirety.
