Press Release
ALDON ANNOUNCES ACQUISITION BY MARLIN EQUITY PARTNERS
Emeryville, Calif. - May 7, 2007 - Aldon, the leading provider of process-driven Application Lifecycle Management (ALM) solutions, today announced the acquisition of the business by Marlin Equity Partners. The partnership provides Aldon with expanded resources to better serve the needs of its customers and accelerate growth through continued investment in its products and solutions.
"In the dynamic application life cycle management market, the opportunity to target emerging areas effectively – such as SOA, Web 2.0, etc. – requires strong capital investment," said Melinda Ballou, program director, Application Life Cycle Management service at IDC, a leading research and advisory service company headquartered in Framingham, Mass. "Marlin's investment with Aldon can help provide the combined organization with opportunities to invest and extend Aldon's existing technology resources in important emerging ALM growth areas."
“This transaction is an excellent fit with Aldon’s strategic direction,” said Matt Scholl, president and chief operating officer for Aldon. “With Marlin’s financial support, we can continue to establish significant success in the ALM market and grow aggressively toward building a robust platform of market-leading technologies.”
“Over the last 28 years, Aldon has successfully developed a strong international customer base and superior set of core technologies for the ALM marketplace,” said David McGovern, managing director at Marlin Equity Partners. “We see significant opportunity to build on this foundation through strategic organic growth initiatives as well as through acquisitions.”
About Marlin Equity Partners, LLC
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate partners, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs in special situations. Marlin invests in businesses across multiple industries that are in the process of undergoing varying degrees of operational, financial or market-driven change where our capital base, industry relationships and extensive network of operational resources will significantly strengthen a company’s outlook and enhance value. Marlin Equity Partners has successfully completed the acquisition of six software businesses – Intuitive Manufacturing Systems, Relevant Business Systems, SupplyWorks, XKO Software , CMS Software and Aldon. For more information, please visit www.marlinequity.com.
About Aldon
Aldon is the leading provider of Application Lifecycle Management (ALM) solutions, bringing the benefits of process-driven application change management to IT, and accelerating the delivery of mission-critical business applications. Aldon ALM solutions support today's agile organizations by enabling IT teams to greatly improve their products' time to market, reduce business disruptions, achieve regulatory compliance and increase return on investment. More than 1,300 companies, including 70 of the Fortune 100, rely on Aldon ALM solutions for enterprise software configuration and change management for their IT business processes. Established in 1979, Aldon is headquartered in Emeryville, California and maintains 14 offices worldwide serving more than 40 countries.
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