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JMC Capital Partners´ Source Code Acquires Add On Data Assets
Thursday 13 September 2018

13 September 2018 - US-based private equity firm JMC Capital Partners' portfolio company, US-based server and storage device maker Source Code LLC, has completed the acquisition of certain assets of IT solutions and services company Add On Data, the firm said.

Terms of the deal were not disclosed.

Headquartered in Waltham, Massachusetts, Source Code is in the design and manufacture of dedicated servers for independent software developers, advanced artificial intelligence and deep learning applications, and a provider of IT services.

Founded in 1992, Source Code is a manufacturer of custom built server and storage devices as well as a provider of IT services. Source Code ships thousands of server systems each month from various locations.

The flagship facility in Norwood, Massachusetts, is being expanded and is ISO 9001:2008 certified. Corporate headquarters are in Waltham, MA. 

Founded in 1999, JMC is a private equity firm that has adhered to a consistent approach and strategy focused around driving value through operational and strategic excellence in industrial products and technology focused companies.

JMC's partners come from operating backgrounds and have executed this strategy as owners and operators as well as investors.

They are able to streamline the acquisition process, focus on the important outcomes, and provide rapid and timely transactions.
Date Published: 13/09/2018
Target: Add On Data
Country: USA
Sector: IT/Online Services
Type: LBO
Status: Closed
Buyer: Source Code LLC
Terms of the deal were not disclosed