The Gores Group, through an affiliate of Gores portfolio company Tiburon,
Acquires Positron Data Applications, renamed as Positron Front Line
PLEASANTON, Calif.--(Business Wire)--
The Gores Group has announced its acquisition of the Positron Data Applications
business through an affiliate of its portfolio company Tiburon, Inc. This
acquisition strengthens Tiburon`s dedication to increasing and improving next
generation technology solutions for public safety agencies, both expanding the
breadth of product offerings to clients as well as increasing Tiburon`s ability
to serve additional markets, including international markets. The newly acquired
business is renamed as Positron Front Line. Terms of the transaction were not
disclosed. The transaction does not include the Positron Call Handling business.
Positron Front Line intends to make significant investments in next generation
integrated 9-1-1 solutions, including computer aided dispatch (CAD), records
management and mobile solutions.
"Tiburon`s commitment to providing industry leading solutions for public safety
remains paramount to us," said Jeffrey P. Stone, president and CEO of Tiburon.
"Tiburon continues to build on our core competencies in dispatch, records
management, mobile and corrections solutions. We continue to invest in our
current product line, organic growth in Tier 2 and with this acquisition -
smaller public safety agencies, international opportunities and next generation
9-1-1."
"This acquisition offers a great opportunity for Tiburon, but also provides
stability, investment and focus to the Positron Front Line business. It is a
significant boost for existing and potential clients and Tiburon will be a
welcome partner to over 220 additional agencies that will now be served by Gores
and Tiburon," said Ian Archbell, general manager of Positron Front Line.
More than 60 million citizens across the U.S. rely on the services of public
safety organizations that Tiburon serves and more than 375 agencies have chosen
the company due to the performance, scalability, reliability and
interoperability of its technology solutions. Tiburon and Positron Front Line
together now serve more than 500 agencies worldwide.
About Tiburon
Established in 1980, Tiburon is the industry-leading provider of automated
public safety and security solutions to meet the demanding and complex needs of
law enforcement, fire and rescue and corrections agencies. Tiburon offers fully
integrated solutions including computer aided dispatch, records management,
mobile data and communications, field reporting and corrections management
solutions. From mission-critical conditions to daily operations, across complex
multi-agency and multi-jurisdictional environments, Tiburon`s integrated
solutions have set the industry standard for capability, scalability and
reliability for more than 29 years. For more information, visit
www.tiburoninc.com or call 800-428-5534.
About The Gores Group, LLC
Founded in 1987, The Gores Group, LLC is a private equity firm focused on
acquiring controlling interests in mature and growing businesses which can
benefit from the firm's operating experience and flexible capital base. The firm
combines the operational expertise and detailed due diligence capabilities of a
strategic buyer with the seasoned M&A team of a traditional financial buyer. The
Gores Group, LLC has become a leading investor having demonstrated over time a
reliable track record of creating substantial value in its portfolio companies
alongside management. The firm's current private equity fund has committed
equity capital of $1.7 billion. Headquartered in Los Angeles, California, The
Gores Group, LLC maintains offices in Boulder, Colorado and London. For more
information, please visit www.gores.com
Strategic Communications Group
Tonya Bacon, 240-485-1085
tbacon@gotostrategic.com
Copyright Business Wire 2009
