Kamylon Capital has sold its portfolio company Innovadex, a B2B business information services company, to Underwriters Laboratories.
Innovadex is a search engine used in the life science, chemical and food and beverage industries, offering information exchange services that connect product innovators at end-product manufacturers with technical documents, sales and support personnel at suppliers that fuel innovation with materials, equipment and services. Innovadex members represent over 60,000 industrial and consumer product companies operating in North America, Latin America, Europe and Asia Pacific. The company was founded in 1999 and is based in Overland Park, KS (www.innovadex.com).
“We were fortunate to have Kamylon as our business partner,” said Bruce Ianni, CEO and founder of Innovadex. “In particular, the Kamylon team imbued the needed discipline, metrics, and strategy to help Innovadex grow and achieve a successful exit.”
Kamylon invested in Innovadex in 2007. During the investment period the company entered three new markets, created a mobile sales support application, and introduced an “electronic tradeshow” service that enables trade show participants to catalog and distribute marketing and technical documents electronically within Innovadex’ search platform.
“We are grateful to Bruce Ianni, Jim Dodd and the rest of the Innovadex management team for what they were able to accomplish,” said Charles Lelon, Managing Partner of Kamylon Capital. “We have enjoyed an outstanding partnership with the company, Bruce and Jim specifically, and are pleased they found a great partner in Underwriters Laboratories for the next stage of the company’s evolution.”
Kamylon Capital makes control equity investments in lower middle market businesses. The firm is based in Wellesley Hills, MA (www.kamylon.com).
Underwriters Laboratories is a safety science company with more than 10,000 professionals in over 100 countries. The company has five business units — Product Safety, Environment, Life & Health, Knowledge Services, and Verification Services. Underwriters Laboratories is based in Northbrook, IL (www.UL.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-24-13