Telegraph Hill Advisors Transaction Announcement: GenX Mobile
San Francisco, September 20, 2016 – Telegraph Hill Advisors acted as the exclusive financial advisor to GenX Mobile Incorporated on its sale to Sierra Wireless Inc. (NasdaqGS: SWIR). GenX, a private company based in San Jose, California, is a leading provider of advanced wireless tracking platforms to enterprises and mobile resource management (MRM) service providers. GenX’s highly acclaimed products are extremely adaptable and customizable, solving critical integration challenges and increasing MRM use cases across a wide range of industry verticals. The acquisition of GenX expands Sierra Wireless’ strategic position in key market segments and significantly bolsters its telematics and location capabilities.
Telegraph Hill’s representation of GenX positively made the difference in getting this transaction done. THA’s knowledge of the sector, deep industry relationships, and focus on execution were all critical success factors. In addition, their perseverance, creativity and strong negotiation skills really made a significant difference in improving the valuation outcome for our shareholders. The senior team was deeply involved throughout the process and truly acted as our partners, not just advisors. I would absolutely hire the Telegraph Hill team again!- Rod Fan, Chief Executive Officer, GenX Mobile Incorporated
Internet of Things (“IoT”) solutions are seeing strong traction across a wide range of vertical markets, with the transportation and MRM markets leading the way” said Phillip Courten of Telegraph Hill Advisors. “The TeleHill team has been fortunate to work closely with several groundbreaking IoT/M2M companies, successfully finding them the right strategic partner to help accelerate their growth and provide strong exits for their investors. We very much look forward to working with other compelling companies in this rapidly growing market.
Telegraph Hill Advisors is a boutique investment bank based in San Francisco that provides merger and acquisition, capital raising, and financial advisory services to emerging growth technology companies in the Mobile & Communications, Digital Media and Software sectors.