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Tactix Aquisition Group, a company organized by Veber Partners, has acquired Tactix ReEngineering, Inc.
Portland, Oregon - December 12, 2002 Veber Partners, a leading boutique investment and merchant banking firm, has acted as a principal in the acquisition of Tactix ReEngineering, Inc. (the “Company”) by Tactix Acquisition Group, LLC (TAG). Veber Partners negotiated, structured, and financed this acquisition by forming TAG to purchase 100% of the Company’s outstanding stock from the Company’s current shareholders. The acquisition of the Company was financed with equity provided by local private investors and Veber Partners. The private investment group was led by John Wheeler, founder and former CEO of Copper Mountain Trust, which was successfully sold to Union Bank of California in 2000. In addition to the new equity structure, a bank credit facility has been provided to the Company by Silicon Valley Bank.
All of the current employees are expected to remain with the Company including Mr. Jim Wilcox, co-founder and current CEO of the Company. In addition, TAG has recruited long-time Portland business executive Robert DeKoning to be the Company’s new CEO effective January 1, 2003. Mr. DeKoning is currently the interim CEO of Pixion, Inc., a Pleasanton, CA based technology company providing web conferencing solutions for businesses. Prior to that, Mr. DeKoning was President and CEO of Unicru, Inc., a Portland-based technology company that is a leading provider of hiring management software systems for the hourly workforce.
About Tactix ReEngineering, Inc.
Tactix ReEngineering, Inc., headquartered in Beaverton, OR, has been in business since 1993. The Company began as a software developer with two proprietary software packages. TRIView Manager monitors and manages remote UNIX based computer systems from a central location. MRCP allows file transmission from a central site to multiple remote systems in a single reliable broadcast. Since 1994, Tactix has been an authorized Sun Microsystems Value-Added Reseller reaching the level of iForce Partner and has become Sun’s highest volume reseller within Oregon. The Company has been a past recipient of numerous growth awards including being listed in the Oregon Technology Fast 50 listing.
As an outgrowth of both the software and reseller business, the Company has developed a strong professional services capability, focused on the IT infrastructure. Professional services are provided in the areas of: System installation and upgrade, Network and system security, Network and system administration, Enterprise data backup solutions, Enterprise storage solutions and Thin client technology. The Company’s current customer list includes companies such as Micron Technology, Portland General Electric, Metro One Telecommunications, Columbia Sportswear, Xerox and Norm Thompson. Visit the Company’s website at www.tactix.com.
About Veber Partners, LLC
Veber Partners, LLC is an investment banking firm focused on advising Northwest-based emerging growth and middle-market companies in the areas of company sales, mergers & acquisitions, management buyouts, debt & equity capital placements, and other corporate finance related assignments. Veber Partners also actively engages in merchant banking activities, acting as a principal in the buyout of profitable middle-market companies by partnering with qualified management talent and private equity investors. Visit Veber Partners website at www.veber.com.
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