Boulder, CO AUGUST 03, 2009 --
BOULDER, Colo.--(BUSINESS WIRE)--Global Equity Capital, LLC, is pleased to announced it has completed the sale to Rudolph Technologies, Inc. (NASDAQ: RTEC) of Adventa Control Technologies, Inc., an affiliate company and a leading provider of a wide range of Advanced Process Control (APC) technologies specifically for tool automation, Run-to-Run control, and fault detection and classification to semiconductor manufacturers.
“We are excited about taking advantage of this opportunity to significantly expand our process control software portfolio with the complementary products from Adventa,” said Paul F. McLaughlin, Chairman and Chief Executive Officer of Rudolph. “Much like Rudolph, Adventa has an established and respected presence in the industry, with an estimated 18,000+ systems in use today.”
"We are pleased to find a partner with Rudolph’s strategic focus that will accelerate Adventa’s next phase of growth and at the same time enhance Rudolph’s process control product offering,” said Mike Adkins, Senior Vice President, Operations of Global Equity Capital, LLC.
Adventa Control Technologies, Inc. provides advanced manufacturing software in the semiconductor industry for wafer fabs and production tools. The company’s software provides solutions for manufacturing execution system (MES), advanced machine control, advance process control, fault detection and intervention and system integration. The Adventa software business an affiliate of Global Equity Capital, LLC originated with the spin out and acquisition in 1998 of a business unit from within Texas Instruments.
About Global Equity Capital, LLC
Global Equity Capital, LLC is a private equity firm focused on value creation through extensive operating expertise in small to middle-market transactions. GEC provides speed and flexibility in carve-outs of non-core assets from public and private entities, financial or operational turnarounds and growing businesses looking for operational and financial resource assistance. GEC is led by an experienced team, which has demonstrated over time a reliable track record of creating substantial value in its portfolio companies for shareholders and management. GEC is headquartered in Boulder, Colorado. For more information visit www.globalequitycap.com .
About Rudolph Technologies, Inc.
Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology, defect inspection and data analysis systems used by semiconductor device manufacturers. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down costs and time to market. The company has enhanced the competitiveness of its products in the marketplace by anticipating and addressing many emerging trends driving the semiconductor industry's growth. Rudolph’s strategy for continued technological and market leadership includes aggressive research and development of complementary metrology and inspection solutions. Headquartered in Flanders, New Jersey, Rudolph supports its customers with a worldwide sales and service organization. Additional information can be found on the company’s web site at www.rudolphtech.com.
Contacts
Global Equity Capital
Angela Blatteis, 310-443-4246
ablatteis@globalequitycap.com