MIAMI -- H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with more than $17 billion of equity capital under management, is pleased to announce that its affiliate has acquired ATX Networks Corporation (“ATX” or the “Company”).
ATX is a market leading designer and developer of patented, radio frequency (“RF”) and digital video processing equipment used by cable operators and a growing number of private video networks, A/V integrators, and telecommunication companies. Cable operators rely on the Company’s RF equipment to enable increased bandwidth to their subscribers, while ATX’s growing suite of non-RF products provides solutions for network operators to efficiently deliver video and data services to end users, including but not limited to transcoding and encoding, bulk video transition gateways, and content streaming products.
Headquartered outside of Toronto, Ontario, ATX also operates a light manufacturing facility in Stuart, FL and maintains a state-of-the-art research and development center in Petach-Tikva, Israel. The Company is proficient in digital video software and hardware development, specifically around encoding, transcoding, and multiscreen streaming.
“ATX is an industry leader with a long track record of innovation and unrivaled customer service,” said Camilo E. Horvilleur, Principal at H.I.G. Capital. “The Company is well-positioned for continued growth given strong demand for broadband services. ATX’s world class management team and industry leading product portfolio provide an ideal platform to build on through both organic initiatives and add-on acquisitions.”
“We believe highly-favorable industry trends along with our continued focus on product innovation, positions ATX for success in both the short and long term,” said Ken Wildgoose, ATX’s President and CEO. “We are excited about the future of the Company and feel our partnership with H.I.G. and their plans to invest in the business will allow us to attain our next level of growth.”