Platinum Equity to Sell Ulticom to Mavenir Systems
Divestiture Demonstrates Firm–s Continued Strength in the Lower Middle Market
Platinum Equity Sells Canvas Systems to Avnet
LOS ANGELES, CA — (Marketwire) — 01/31/12 — Platinum Equity announced today that it sold Canvas Systems to Avnet, Inc. (NYSE: AVT). Canvas is an independent supplier of IT hardware and services. Terms of the transaction were not disclosed.Platinum acquired controlling interest in Canvas in 2009 from OHC, LLC. OHC retained a minority interest in Canvas under Platinum-s ownership and has also sold its position to Avnet in connection with the transaction announced today."We are proud of w
Platinum Equity Acquires Quark
LOS ANGELES, CA and DENVER, CO — (Marketwire) — 08/09/11 — Platinum Equity announced today that it has acquired Quark, a provider of publishing software for professional designers and enterprise organizations.Financial terms of the transaction were not disclosed."Quark is a legendary brand that helped create the desktop publishing market and is now helping organizations transform how they publish content both to print and digital media," said Brian Wall, partner at Platinum who led