LOS ANGELES, August 1, 2011 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired the Technology Solutions Group (“TSG”) of Agilysys, Inc. (NASDAQ: AGYS), a leading provider of data center focused IT solutions to enterprise customers. TSG will be integrated into OnX Enterprise Solutions Ltd. (“OnX”), a Marlin portfolio company, to create one of the world’s largest independent, multi-vendor enterprise data center solutions providers. With clients and offices throughout North America and Europe, OnX will have combined revenues of over $750 million, a global team of more than 500 associates and certified partnerships with all the leading IT vendors.
“The combination of OnX and TSG represents a significant step toward our goal of building a market leading IT solutions provider,” stated Steve Johnson, a principal at Marlin. “We will continue to devote Marlin’s financial and operational resources to back the OnX management team and aggressively pursue additional acquisitions to augment OnX’s organic growth.”
OnX is ideally positioned to meet the growing and demanding IT needs of medium and large enterprises and is able to offer clients around the world the most comprehensive end-to-end suite of enterprise data center solutions. The company’s enterprise solutions encompass managed cloud services, hosting, digital application services, mobility, hardware, software, servers, storage, networking and consulting services.
“Our clients are increasingly asking us to help them achieve accelerated business results,” added Ed Vos, president and CEO of OnX. “They are seeking a broader range of solutions, services and expertise to meet their complex business and IT challenges. With the addition of TSG and its talented team, we are ideally positioned to meet those needs end-to-end, around the world and all from one organization.”
About OnX Enterprise Solutions
OnX is a global enterprise data center solutions provider with a suite of end-to-end solutions including the industry’s leading enterprise cloud offerings. The company designs, builds and manages complete data center environments comprised of multi-vendor offerings in four core areas – Cloud & Managed Services, Digital & Application Services, Hardware & Software Solutions and Professional Services. Over the past 28 years, OnX has helped clients achieve exceptional business results that accelerate their growth and value. Headquartered in Toronto, Canada, OnX has a team of more than 500 IT professionals, with clients and offices throughout North America and Europe. For more information, please visit: www.onx.com.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, CA-based private investment firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 45 acquisitions. For more information, please visit www.marlinequity.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.