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Intuitive acquired by Marlin Equity PartnersStrategic partnership to enable Intuitive’s growth opportunities as a leading innovator in the enterprise software industry Kirkland, Washington – November 8, 2005 – Intuitive Manufacturing Systems, a leading provider of enterprise resource planning software (ERP) for discrete manufacturers, announced today the acquisition of Intuitive Manufacturing Systems by Marlin Equity Partners, a leading private equity firm based in El Segundo, California. Chuck Gillam, President and CEO of Intuitive, said “The partnership between Intuitive and Marlin Equity Partners is the first step in aggressively pursuing our growth and market leadership initiatives. In addition to its substantial capital resources, Marlin brings significant experience in growing profitable software businesses. The manufacturing industry is at a critical turning point in the realm of technology, and Intuitive is prepared to lead the way with the next generation of enterprise manufacturing software and services.” David McGovern, Managing Director of Marlin Equity Partners, said, “The acquisition of Intuitive complements Marlin’s strategy of investing in businesses with strong installed customer bases, proven management teams, and attractive growth prospects. Intuitive is well-positioned for continued growth and success through its market-leading Microsoft .NET technology, its strong customer base and its outstanding management team.” McGovern stated, “In Chuck and Sara Gillam, we have backed an experienced management team with a track record of success. We see ample opportunity to build on what they have achieved to date, and pursue growth initiatives which will expand their product offering and lead Intuitive successfully into the future.” About IntuitiveIntuitive Manufacturing Systems offers intuitive and flexible enterprise solutions that help discrete manufacturers achieve greater operational efficiency and profitability by integrating business processes on an enterprise-wide level. Since 1994, Intuitive has been a technology leader, dedicated to providing our customers with software solutions that add value to their business. Intuitive’s enterprise solution is designed to deliver superior functionality, rapid implementation, ease of use and a technology standard that is unmatched in the industry. Intuitive’s enterprise solution is supported by a network of direct offices and business partners worldwide to provide the software and services to solve today’s business problems. Learn more at www.intuitivemfg.com. About Marlin Equity PartnersMarlin Equity Partners is a leading private equity firm focused on providing corporate parents, shareholders, and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin seeks to partner with outstanding management teams to strengthen and grow its portfolio companies. In addition to capital, the Marlin team provides a network of strategic resources and relationships that help management teams recognize and achieve long-term value opportunities within their businesses. In cases where growth through acquisition is appropriate, Marlin brings to bear extensive resources to manage the transaction and integration processes. Marlin Equity Partners has a long and successful track record of creating superior returns for its investors by adhering to a disciplined investment approach aimed at building long-term value. Marlin Equity Partners is headquartered in El Segundo, California. ### |
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