|
Veber Partners Assists CRU-DataPort in Acquisition of WiebeTech
Portland, Oregon – January 2008 – CRU-DataPort (www.cru-dataport.com) of Vancouver, Washington, a global leader in data security and data mobility products, acquired WiebeTech, a premier developer of computer storage and forensic solutions. Veber Partners, LLC (www.veber.com), acted as exclusive financial advisor for CRU-DataPort during the transaction.
CRU-DataPort, founded in 1986, is a pioneer in data security and data mobility devices. The company’s DataPort ® and Data Express ® brands of removable hard drive enclosures are the standard for physical data security and safe data transporting in government, education and business markets. Media rich data environments including audio/video production, digital cinema, video security capture, and disk-2-disk backup and archiving applications also widely use CRU-DataPort products. Major distributors, PC manufacturers and resellers throughout the US and abroad distribute CRU-DataPort products, backed by the industry’s leading warranties and connector ratings.
James Wiebe founded WiebeTech in July 2000, focused on marketing high performance, highly portable storage solutions for consumer and government markets. WiebeTech is credited with fueling the burgeoning storage market with high-quality, high capacity storage solutions in the smallest packages possible. WiebeTech has led product development in the storage solution marketplace, introducing the extremely popular FireWire DriveDock™ product line, multi-bay storage units and the new “trayless”
TrayFree™ bays and RAID systems, which include an advanced hardware controller. In addition, WiebeTech offers computer forensic devices which are a critical tool used by criminal investigators in the collection of suspect data. Wiebe joins CRU-DataPort as vice president of product development and will continue to provide creative product solutions for all CRU-DataPort products, including the WiebeTech product line. Operations for the WiebeTech brand of products will remain in Wichita, Kansas.
Commenting on the acquisition of WiebeTech, CRU-DataPort president and CEO, Randal Barber, said, “We are pleased to add WiebeTech employees and their highly respected product line to our organization. WiebeTech will become a fully supported brand of CRU-DataPort. We believe their innovative products, combined with the channel-centric operations of CRU-DataPort, will provide great synergy to enhance the development of WiebeTech products. WiebeTech’s creative use of technology, as demonstrated in the new Drive eRazer™ data security product, will also be used to add new features in our popular DatPort ® and Data Express ® product lines.”
Rodger Adams, senior partner at Veber Partners said, “We were happy to assist CRU-DataPort in this important transaction to help support their strategic growth mission and diversification into multi-drive enclosures and Mac related components.”
Veber Partners principals Gayle Veber and Rodger Adams serve as board members of CRU-DataPort and are investors in the Company as well.
Veber Partners was founded in 1989 and is one of the premier private investment and merchant banking firms in the Pacific Northwest which focuses on mergers and acquisitions, private placements, and other financial advisory services. Veber acts as a principal as well as an advisor in transactions throughout the Pacific Northwest. It operates in five primary sectors including manufacturing/distribution, technology, business services, consumer/retail and healthcare. More information can be found at www.veber.com.
|
 |