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GlobalWare Solutions Raises $30 Million of Equity Capital
Funds to support continued operational excellence and Global Expansion
Contact: Ed Gromada, GlobalWare Solutions, 978.469.7326,
egromada@gwsmail.com
Contact: Linda Miller, Pan Communications, 978.474.1900,
lmiller@pancomm.com
HAVERHILL, Mass.-Monday, December 10, 2001- GlobalWare Solutions, a leading global
provider of Software Contract Manufacturing, Content Management and eMarket Solutions, today announced that
it has raised an initial round of $30,000,000 in equity capital through a private placement of common and
preferred stock with Mezzanine Management LLC one of Europe's largest private equity investment firms.
With more than 50 Fortune 100 customers GlobalWare is in an ideal position to capitalize on market opportunities
that lie ahead. The Company plans to use the funds to strengthen its internal operations and to support its global
expansion plans through strategic acquisitions. In today's economy, many companies are looking to outsource critical
but non-core competencies to those providers who can offer industry leading supply chain management solutions
through the application of digital marketplace technologies to create a total business solution - GlobalWare is
that company.
In making the announcement, James R. Bartlett, CEO of GlobalWare stated, "This infusion of capital along
with the substantial resources that Mezzanine Management brings to our company will fuel our continued
investment in leading edge technology and global expansion. We are dedicated to improving our customers'
top line/bottom line revenue, increasing shareholder value and providing our clients with significant
competitive advantage. We thank our incredible customers, employees and suppliers for their loyalty,
dedication and enormous support."
"The partners of Mezzanine Management are excited to be investing in GlobalWare Solutions, Jim Bartlett
and his team", said Mezzanine Management Managing Director, Brad Jay. "We believe that this is an exciting
time for the Company, its employees, customers and investors and we are pleased to have been selected to be
part of this investment opportunity". "The team at Globalware has already built a "best-of-breed" reputation
in the industry. Our capital will provide the financial support necessary for the next stage of expansion.
With the supply chain management service sector maturing, we believe that proven suppliers will have significant
growth opportunities. With over $1 billion of capital under management, we have the resources to help Globalware
meet the capital challenges associated with its growth."
Newbury, Piret & Company, Inc., a leading private Boston investment-banking firm, assisted GlobalWare in
successfully executing their investment strategy through equity financing and strategic advisory services
and was responsible for bringing on Mezzanine Management LLC as an investor.
"Jim Bartlett and his team have grown GlobalWare Solutions to a lead position in high-value outsourced
services for the software and electronics industries," said Newbury, Piret Managing Director Hugh Taylor.
"During the fund raising process, we were very pleased with the strong interest expressed by a number of
leading private equity firms. With this new capital and a strong investment partner, the company is in a prime
position to continue this growth intrinsically and through strategic acquisitions."
About GlobalWare Solutions:
Headquartered in Haverhill, Massachusetts, GlobalWare Solutions also operates facilities in Redwood City,
California and in Amsterdam, Holland. Among the company’s roster of clients are such leading corporations as
Sun Microsystems, Nortel, Philips Medical, Cox Communications, and Palm Inc. GlobalWare Solutions serves
the hardware and software OEMs, the EMS industry and the broadband, medical devices, and retail industries.
The company’s value-chain services include new product release, content management, software manufacturing, fulfillment, distribution and reverse logistics.
The privately-held company was founded in 1978 as ZBR Publications, a full-service printer.
GlobalWare acquired Bindco Corporation in 2000. The company employs 550 people and has 500,000 square feet of production space worldwide.
The company's web address is
http://www.globalwaresolutions.com
About Newbury, Piret & Company, Inc.:
Boston-based Newbury, Piret is a leading investment banking firm to middle-market public and private growth
companies. For more information, contact Hugh Taylor at Newbury, Piret & Co., Inc., One Boston Place, 28th
Floor, Boston, Massachusetts 02108 or visit the company's web address at
http://www.newburypiret.com
About Mezzanine Management:
Mezzanine Management LLC, founded as Europe's first mezzanine fund, provides a full range of junior capital
solutions, including equity and subordinated debt financing, to growth-oriented middle-market companies.
Mezzanine Management LLC is currently investing its third fund, a $525 million fund that closed in July 2000,
targeting a broad range of manufacturing and business service industries serving the North American and European
markets. For more information, contact Bradley Jay at Mezzanine Management LLC, 333 Ludlow Street, North Tower,
Stamford, Connecticut 06902.
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