SAN RAMON, Calif., February 15, 2006 – Relevant Business Systems, a premier Enterprise Resource Planning (ERP) software provider to project-oriented manufacturers, announced today that it has received a significant investment from Marlin Equity Partners, a leading private equity firm based in El Segundo, California. Marlin’s investment will enable Relevant to fully exploit its position as a premier mid-market ERP provider by accelerating Relevant’s product development and expanding its sales and marketing capabilities.
“Marlin’s investment in Relevant reflects our continued interest in the ERP software market,” said David McGovern, Managing Director of Marlin Equity Partners. “Over the years, the Relevant team has done an exceptional job creating a leading technology platform and building an impressive list of customers. We are very excited about Relevant’s prospects in the Aerospace & Defense and mid-market manufacturing segments, and confident that our investment will enable management to further grow the business and enhance its ERP solution.”
Patrick Garrehy, Revelant President and CEO, believes Relevant is now poised to build on the company’s significant achievements of last year: “In 2005, Relevant was able to make key product improvements which further differentiated our solution within the growing A&D sector. As a result of these product initiatives, we are pleased to report that Relevant enjoyed its most successful financial year in the company’s 23 year history. Through our relationship with Marlin Equity, we will be able to further capitalize on new product and technological initiatives, and draw on Marlin’s extensive experience in growing enterprise software companies. We are excited about our prospects for 2006 and beyond.”
About Marlin Equity Partners
Marlin Equity Partners is a leading private equity firm focused on providing corporate parents, shareholders, and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin seeks to partner with outstanding management teams to strengthen and grow its portfolio companies. In addition to capital, the Marlin team provides a network of strategic resources and relationships that help management teams recognize and achieve long-term value opportunities within their businesses. Marlin Equity Partners has a long and successful track record of creating superior returns for its investors by adhering to a disciplined investment approach aimed at building long-term value. Marlin Equity Partners is headquartered in El Segundo, California. For more information please visit www.marlinequity.com.
About Relevant Business Systems
Relevant Business Systems provides superior project-oriented enterprise software for Aerospace & Defense, Engineer To Order, Maintenance Repair & Overhaul (MRO) and Contract Manufacturing. The company was co-founded in 1983 by Patrick Garrehy, a pioneer in the development of packaged software for discrete manufacturers and a veteran of several defense industry firms.Relevant software is architected to better meet the needs of make-to-stock, make-toorder and engineer-to-order manufacturers for which aggressive project management is the key to profitability. Through superior product performance and outstanding customer service, Relevant has become the supplier of choice for many of the premier firms in the industry. Relevant Business Systems is headquartered at 12667 Alcosta Blvd., Suite 300, San Ramon, California, 94583 and can be found on the web at www.relevant.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at email@example.com.