Hyde Park Capital Announces $32.5 Million Capital Raise For Vology Data Systems
Tampa, Florida - January 3, 2013 - Hyde Park Capital Advisors, LLC (“Hyde Park Capital”) is pleased to announce the recently completed acquisition of Bayshore Technologies, Inc. (“Bayshore”) by Vology, Inc. (“Vology”). Vology is a global provider of new and certified pre-owned networking and telecommunication solutions. Bayshore is a full-service computer system integrator and technology infrastructure provider to companies across the healthcare, government and education markets. The result of this acquisition is a technology solutions company with more than 200 employees that is expected to generate more than $140 million in revenues in 2013. Hyde Park Capital served as the investment banker and exclusive financial advisor to Vology for this transaction.
Peter Anderson, CEO of Bayshore, stated, “It’s not often you have the opportunity to combine two well-respected companies whose businesses complement each other so well. We’ve known Barry and his team for many years and have the utmost respect for the organization they’ve built and are very pleased to become a part of it.”
“With the addition of Bayshore’s service delivery capabilities, Vology has created what is best described as a Hybrid SuperVAR, a unique business model that allows enterprises to maximize their IT infrastructure budgets through one relationship by combining the best qualities from traditional VARs, super VARs and certified pre-owned offerings,” says Barry Shevlin, CEO of Vology. “This is a combination that is unique within the industry, providing minimal customer overlap, complementary vendor portfolios, services and similar corporate values. We appreciate Hyde Park Capital helping us identify, structure and close this important transaction.”
John Hill, Senior Managing Director at Hyde Park Capital, stated, “We thank Vology for its continued confidence in our team at Hyde Park Capital and for the opportunity to be a part of this groundbreaking transaction combining these high quality companies. The two companies make a great fit and the acquisition will drive considerable growth and shareholder value going forward. We truly value our long-standing relationship with Barry and his great team at Vology.”
This transaction is Hyde Park Capital’s 28th engagement in the technology sector.
Ranked in the Inc. 500/5000 list of fastest growing companies in the U.S. for seven consecutive years, Vology is a leading global technology solutions provider that serves tens of thousands of customers across 80 countries. With the acquisition of Bayshore Technologies, Vology becomes the world’s first true Hybrid SuperVAR™, offering a unique mix of the sale of new and certified pre-owned products, asset disposition, lifecycle management, lead generation and eCommerce. Vology is headquartered in the Tampa Bay area, with offices in Syracuse, New York City, Denver, Sacramento, Austin and Oklahoma City. For additional information, visit http://www.vology.com.
About Bayshore Technologies
Headquartered in Tampa, Florida, Bayshore Technologies, Inc. is a full service computer system integrator and technology infrastructure provider to small, medium and large/enterprise companies across the healthcare, government and education markets. The Company offers its clients advanced technical solutions such as networking, consulting and engineering, IT infrastructure, virtualization and storage, and provides end-to-end solutions through quality processes and technology expertise. For additional information, visit http://www.btfl.com.
About Hyde Park Capital
Hyde Park Capital is a middle-market investment banking firm specializing in mergers and acquisitions and capital raising for public and private companies. Our senior bankers have extensive investment banking experience executing merger & acquisition engagements, including purchase and sale of company assignments, recapitalizations, financial advisory, fairness opinions and raising growth capital and acquisition financing for companies, including equity, mezzanine and senior debt. Hyde Park Capital has broad experience across multiple industries and a specific focus on technology, healthcare, business and financial services. In its fourteenth year, Hyde Park Capital is one of the most active investment banking firms in Florida and the Southeast. Our professionals have advised on more than 300 corporate investment banking transactions totaling more than $10 billion in transaction value. We are headquartered in Tampa, Florida and are a member of FINRA and SIPC. For additional information about Hyde Park Capital, visit www.hydeparkcapital.com.