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Headwaters MB Advised InnoTrans on its Sale to ATX Networks, an H.I.G. Portfolio Company

January 2017

Headwaters MB advised InnoTrans Communications (“InnoTrans” or the "Company"), a rapidly-growing and innovative solutions provider to the cable industry, on its sale to ATX Networks (“ATX”), an H.I.G. Capital portfolio company.  InnoTrans’ cable customers rely on the Company’s differentiated solutions to more efficiently deliver increased bandwidth and video content to their subscribers.  ATX’s investment in InnoTrans extends its expertise and leadership in the network infrastructure systems segment.

Headquartered in San Jose, CA, InnoTrans develops and manufactures innovative optical transport solutions for cable operators. The Company’s technologically superior products transmit optical signals over longer distances, conserve more fiber, and utilize power and space more efficiently than peers, ultimately decreasing capital and operating expenses for cable operators as they continue upgrading network capacity. The scale, resources, and capabilities of ATX will support InnoTrans’ continued rapid growth in the U.S. and globally. 

Mani Ramachandran, InnoTrans’ Founder and CEO commented, “We are excited to join the ATX team. Strategically, InnoTrans will benefit greatly from being part of a larger organization and we are looking to fully utilize ATX’s scale and resources to deliver increasingly differentiated solutions and value to current and new customers on a global basis.”

Mr. Ramachandran will serve as President of a newly created Optical Network Solutions Division within ATX, which will base its foundation for expansion using the current InnoTrans team in its entirety.

Camilo E. Horvilleur, Managing Director at H.I.G. Capital, said, “InnoTrans represents a transformative investment for ATX Networks, allowing the company to become a diversified network infrastructure systems provider. The partnership provides InnoTrans with the resources and backing of a larger, more global business, enabling better customer experiences and faster development of new, innovative products.”

Tyler Comann, Managing Director at Headwaters MB, commented, “The transaction will give InnoTrans the backing it needs to accelerate is technological growth. With the InnoTrans team staying in place, the ATX team will not only gain a great suite of products, but a knowledgeable team to help grow their new Optical Network Solutions division.”

Terms of the transaction were not disclosed.

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Technology, Media & Telecom

Lead Professional

Tyler Comann

Managing Director
"We are excited to join the ATX team. Strategically, InnoTrans will benefit greatly from being part of a larger organization and we are looking to fully utilize ATX’s scale and resources to deliver increasingly differentiated solutions and value to current and new customers on a global basis."
Mani Ramachandran
Founder and CEO
InnoTrans