Palo Alto, CA – March 21, 2016
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as the exclusive financial advisor to the Ekahau group of companies, in its acquisition by AiRISTA Flow, an AiRISTA affiliate company and the world leader in true Wi-Fi enabled location services and workflow software solutions. The financial terms of the transaction were not disclosed.
Ekahau is well-known around the world for its innovative products and patented technologies in RTLS (Real Time Location System) and for providing superior solutions for forward thinking organizations in the healthcare industry, as well as in many other industries. During the past 15 years, Ekahau has built a very strong presence in the RTLS space as well as in the Wi-Fi network design and optimization market.
With this acquisition, AiRISTA Flow will continue to offer the current Ekahau RTLS products and fully support the Ekahau RTLS customer base. The company intends to expand these offerings through the integration of the existing AiRISTA and Ekahau platforms. AiRISTA Flow will assume responsibility for the ongoing servicing of the Ekahau RTLS customer base, worldwide. Ekahau ESS will continue to operate as an independent company focusing on the Wi-Fi network design tool market.
“With their current business offerings and outlook, AiRISTA is a great match for Ekahau RTLS and its customer base and has the resources and strengths to take the RTLS solutions to the next level,” said Michel Wendell, CEO of Ekahau. “In making the match, Woodside Capital Partners gave us world-class strategic guidance, domain experience and financial advice based on their in-depth industry knowledge and investment banking expertise.”
Ekahau is the global leader in Wi-Fi network design tools, from WLAN network planning to site surveys and troubleshooting. Ekahau’s Wi-Fi tools are used by the leading Wi-Fi infrastructure vendors, systems integrators, and telecom operators as well as thousands of network administrators to minimize network deployment time and ensure sufficient wireless network performance and capacity. For more information, please visit www.ekahau.com/wifidesign.
AiRISTA develops and manufactures leading Identification & Track and Trace solutions using passive, active, and semi-active RFID, RTLS, GPS, and other technologies. AiRISTA’s industry-based solutions are robust and comprehensive enabling increased visibility, security, and safety of mission critical assets and personnel. Business process automation is enabled with full integration of AiRISTA’s Business Rule Engine (BRE), GIS, and messaging platforms. For more information, please visit www.airista.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. The team of Woodside Capital Partners has completed transactions totaling more than $10 billion. Woodside Capital Partners is the Silicon Valley headquarters of M&A International, the world’s leading mergers and acquisitions alliance. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com.
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Woodside Capital Partners International LLC