LOS ANGELES, October 14, 2025 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a growth investment in Intelligent Locations (the “Company”), a leading provider of AI-powered real-time location system software for healthcare enterprises. Intelligent Locations’ suite of solutions enables hospitals to track assets, people and processes in real-time. The investment will support further advancement of the Company’s AI-powered INTRAXTM platform to optimize critical business and clinical operations for hospitals.

“We’re excited to partner with Marlin to further invest in INTRAXTM and continue leveraging AI to optimize clinical operations for our customers,” said Bogdan Nedelcu, Founder and Chief Executive Officer of Intelligent Locations. “For the last 10 years, we have funded our growth through continuous innovation, consistently delivering immediate operational value to our customers. Marlin brings a vast network, deep operational expertise, and a real appreciation for what we’ve achieved to date. We look forward to working together in this next phase of growth.”

“We seek to partner with innovative founders who have a strong vision for addressing product gaps in attractive markets. The Intelligent Locations team has built an impressive platform that is solving the complex needs of large healthcare organizations today,” said Alex Beregovsky, a managing director at Marlin. “We are thrilled to partner with the Company and aim to further accelerate growth through continued investment in the product roadmap and strategic partnerships.”

First Analysis, a venture capital investor, also participated in the transaction alongside the Company’s Founder, Bogdan Nedelcu, and HealthX Ventures, who will retain significant stakes in the business. Financial terms of the transaction were not disclosed. First Analysis Securities Corporation served as financial advisor, and Bass, Berry & Sims served as legal advisor to Intelligent Locations. Goodwin Procter served as legal advisor to Marlin.
 
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with nearly $10 billion in capital commitments specializing in the software, technology and services sectors. Marlin’s mission is to partner with exceptional management teams to drive scale and enhance long-term value in businesses through its deep domain expertise, extensive network and operational transformations focused on product innovation, go-to-market enhancements, and strategic M&A. Founded in 2005, Marlin has completed over 260 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.

About Intelligent Locations
Intelligent Locations pioneered the development of INTRAX™, delivering an advanced AI-powered localization platform for healthcare enterprises. Its software provides healthcare professionals with intuitive tools to track, measure, and analyze assets, staff safety, patient satisfaction, operational workflows, environmental conditions, and more. Headquartered in Raleigh’s Research Triangle, with a Center of Excellence in Paris, the Company continuously advances its predictive analytics and machine learning capabilities. For more information, please visit www.intelligentlocations.io.

Contact:
Peter Spasov
(310) 364-0100
pspasov@marlinequity.com