CHATTANOOGA, TENN. - Clarity, a division of Plantronics (NYSE: PLT) that creates smart communication solutions for seniors, and ClearCaptions, a telephone captioning service innovator and subsidiary of Purple Communications, Inc., today announced a strategic alliance through which the companies will collaborate on the design and distribution of innovative products for the nearly 20 percent of U. S. adults who have hearing loss.
BURBANK, CA - 3ality Digital, backed by Clearlake Capital Group, L.P., announced that it acquired Element Technica. The combined company, to be called 3ality Technica, will be the world's largest provider of end to end stereoscopic 3D solutions, including camera rigs, image processors, and accessories used by the motion picture and broadcast industries. Hector Ortega and Stephen Pizzo, the founders of Element Technica, will join the senior leadership team of 3ality Technica. Additional terms of the deal were not disclosed.
SANTA MONICA, LONDON and ATLANTA - Clearlake Capital Group, L.P. ("Clearlake") today announced that it led a recapitalization of Mycom Group Limited ("MYCOM" or the "Company") and provided a significant capital infusion to help fuel the Company's expansion plans. MYCOM is a leading global provider of innovative wireless engineering services and best-in-class Next Generation OSS Service Assurance software solutions to the telecom industry. MYCOM has fifteen offices in eight countries across Europe, Asia, and North America, and serves blue chip, global telecommunications customers. Additional terms were not disclosed.
NEW YORK, NY -- Clearlake Capital Group, L.P. ("Clearlake") today announced that it led and sponsored the $135 million recapitalization of Platinum Energy Solutions, Inc. ("PES"), in partnership with Layton Corporation and management. In connection with the transaction, Clearlake has acquired the majority of the newly issued preferred stock of the company and, together with management, will own a majority of the voting shares of PES. Additional terms were not disclosed.
SANTA MONICA, CA - Clearlake Capital Group, L.P. ("Clearlake") today announced that it sponsored the recapitalization and acquisition of 3ality Digital ("3ality" or the "Company") and simultaneously provided a significant capital infusion to the Company. 3ality is the leading provider of digital stereoscopic 3D (S3D) production hardware and software technology to the motion picture and broadcast industries. In connection with the acquisition, Clearlake, the Modell Family and management will control the Company. Additional terms were not disclosed.
ROCKLIN, CALIFORNIA -- Purple Communications™, Inc. (OTC: PRPL) ("Purple"), a leading provider of communications services for people who are deaf, hard of hearing and speech disabled, today announced the successful completion of a new debt financing, beta versions of new relay offerings, and a new strategic initiative that broadens Purple's growth potential in the new year.
Melville, NY - The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading natural and organic products company providing consumers with A Healthy Way of Life™, today announced the acquisition of the assets and business of World Gourmet Marketing, L.L.C., including its Sensible Portions® brand of Garden Veggie Straws™, Pita Bites® and other snack products. Sensible Portions' products are sold in the club, mass and supermarket channels. The transaction is expected to be accretive to Hain Celestial's earnings during the first quarter of its fiscal year 2011.
NEW YORK - Clearlake Capital Group, L.P. ("Clearlake"), a private investment firm, today announced that its portfolio company, Buy.com, a leading U.S. online retail marketplace, has been sold to Rakuten, Inc.
TOKYO and ALISO VIEJO - In a move signaling an acceleration of its global expansion plans, Japan's leading internet company, Rakuten, announced today that it has reached a definitive agreement to acquire Buy.com, a leading U.S. retail marketplace. Combined, the two companies represent one of the world's largest online retail marketplaces, offering consumers more than 60 million products from close to 35,000 merchants around the globe. The acquisition, valued at approximately $250 million (USD), will be carried out by Rakuten's U.S. subsidiary, Rakuten USA.
NEW YORK /PRNewswire/ -- Sensible Portions®, a line of unique and great tasting all natural snacks announces its partnership with AEG, one of the world's leading sports and entertainment presenters, to offer a variety of products in select AEG-affiliated venues including STAPLES Center, Club Nokia, El Rey Theatre, The Home Depot Center, Nokia Theatre L.A. LIVE and the San Diego Sports Arena. Starting March 15, fans will be able to purchase healthier snack options when attending sporting events, concerts, special events and shows. Sensible Portions will offer lower calorie, single serve bags of some of Sensible Portions most popular offerings including BBQ Potato Straws, Salt & Pepper Potato Straws, Lightly Salted Veggie Straws and White Cheddar Miner's Gold Puffs at the refreshment stands of each venue.