Miles 33 Acquires net-linx Publishing Solutions
Miles 33 announced today that it has acquired net-linx Publishing Solutions Inc. (“nxPS”) from its current parent net-linx AG of Dresden, Germany. Sacramento, CA based nxPS is a long-established provider of editorial and advertising software to the global newspaper market with customers throughout Europe, Asia/Pacific, Middle East, the US and Brazil.
The company has a strong heritage in the industry, tracing its roots to the 1970s and 1980s in the form of System Integrators Inc. and Ctext. This acquisition provides Miles 33 with an expanded customer base and established support infrastructure for its rapidly growing newspaper business along with new market opportunities in areas beyond its established footprint in the UK and North America.
Ken Anderson, President of nxPS, who will remain with the company, said “The industry is undergoing extreme changes and needs solutions that not only manage all aspects of their online and print revenues, but can streamline workflow, too. These solutions must be extremely cost effective, adaptable and backed by reliable service and support. By joining forces with Miles 33, we can build upon the strengths of both companies, added financial solutions from Miles 33 and excellent support capabilities of nxPS. We become a larger company, with more economies of scale and are better positioned to support our publishing customers”.
Michael Moore, Chief Executive Officer of Miles 33 added “I am pleased to have secured this strategically important acquisition. We found that our companies’ operations complimented each other and we hope to be able to better serve nxPS’s customers with Miles 33’s product range. Together, as a new and enlarged company we can deliver an even higher level of support to our combined customers and pool our development resources to further strengthen our innovative product lines. The acquisition is the second acquisition in as many months and is further evidence of the new strategy within Miles 33 to accelerate growth through acquisition.”
Miles 33 has been a leader in publishing systems, for both commercial and newspapers, for over three decades. In June of last year, European Capital, the European affiliate of American Capital, the largest publicly traded private equity firm in the US, purchased 60% of Miles 33 for $112M; the Miles 33 senior management team also invested in the company and holds the remaining 40%. The Net-linx acquisition follows the announcement made at the beginning of March when Miles 33 purchased Datamatix, the owner of industry leading self-service products such as Property and Motors Wizard and is another demonstration of its new strategy to consolidate the Publishing Systems Supplier market place.
Miles 33
Miles House
Contact: Michael Moore, Tel: 01344
861133 31st
March 2008