Marlin Equity Partners purchased iolo technologies. No financial details were disclosed about the deal. The acquisition had also merged iolo with another portfolio company of Marlin Equity, Phoneix Technologies.
A market leader in performance optimization for computers and mobile devices, iolo technologies provides diagnostic solutions to clients. It identifies and resolves performance issues and determines if a system has stability and security-related problems. Its solutions help devices run efficiently and reliably.
Phoenix President and CEO Rich Geruson said, "The industry leaders in PC optimization and core system software are combining to create a company that dramatically enhances the utility of PCs, tablets and other mobile devices for their end users. The combination allows iolo to leverage Phoenix's broad market reach and will expand the distribution opportunities for both current and future Phoenix-iolo products."
Marlin Equity Partners had been investing in multiple industries. Through its affiliates, Marlin Equity had completed more than 65 acquisitions. It had more than USD 2.6 billion of capital under management.
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