Dozuki | September 28, 2021
Dozuki, a leading purpose-built platform for frontline workforce training in manufacturing operations, is pleased to announce a strategic growth investment from Marlin Equity Partners ("Marlin"). This transaction enables Dozuki to further expand its leadership position in the manufacturing software market by accelerating product innovation and supporting the company's continued growth.
The manufacturing sector is facing a unique combination of challenges that have been accelerated due to the COVID-19 pandemic, including a looming skills shortage, increased workforce turnover, growing complexity of operations, and unprecedented market demand. A recent 2021 report from The Manufacturing Institute and Deloitte indicates that 81% of manufacturers are currently unable to maintain production levels to satisfy demand for their products. Dozuki alleviates these challenges directly by empowering the frontline workforce with the process knowledge and training documentation they need to become productive employees quickly.
We are beyond excited for what this transaction means for the future of Dozuki. By investing in accelerated platform growth, we look forward to continuing to help our customers achieve scalable digital transformation goals.Marlin shares our strategic vision of empowering manufacturers to continuously improve the performance and productivity of their frontline workforce, and we are thrilled to take the next step in our evolution with them as our partner.
Eric Doster, Co-founder and CEO of Dozuki.
Financial details of the transaction have not been disclosed. Vista Point Advisors served as exclusive financial advisor to Dozuki on its investment from Marlin.
Headquartered in San Luis Obispo, CA, Dozuki is a software platform that focuses on empowering manufacturers to capture, standardize, and distribute knowledge across their frontline workforce. The innovative, service-first approach from Dozuki is helping manufacturers of all sizes achieve their digital transformation goals while supporting frontline workforce training.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company's outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 190 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London.
Compass Precision, Gray Manufacturing Technologies | September 23, 2020
A collection of manufacturing companies officially announced the addition of a fourth North Carolina manufacturer to its portfolio. Compass Precision, a subsidiary of Pittsburgh private equity firm Main Street Capital Holdings, acquired Gray Manufacturing Technologies for an undisclosed price, Main Street Capital officials said in a statement.
Gray, located in the Charlotte suburb of Denver, North Carolina, produces precision metal components for the aerospace and defense sectors. Compass officials said the company offers multi-axis machining, testing, and assembly of complex metal geometries, including a metrology lab and advanced production certifications.
“Gray Manufacturing Technologies is an incredibly well-run precision manufacturer that is experiencing rapid growth by serving a select group of highly attractive customers and end-markets,” Compass President and CEO Gary Holcomb said in the announcement. “They are a perfect fit for us.”
Ekatra, Sierra Wireless | September 30, 2020
Sierra Wireless, the leading IoT solutions provider that combines devices, network services and software to unlock value in the connected economy, today announced that Ekatra successfully reduced the development time of its new Industrial IoT (IIoT) liquid fertilizer tank monitoring application by 50 percent using Octave™, the all-in-one, edge-to-cloud solution for connecting industrial assets. Octave enabled Ekatra to easily integrate IoT edge devices into industrial tank equipment, extend application intelligence to these IoT edge devices, and then integrate tank data into their cloud, allowing them to cut development time for the application from six to three months.
“Small and medium-sized companies are driving the growth of the Industrial IoT with innovative, practical, problem-solving applications that are transforming industries,” said Olivier Pauzet, VP Product IoT Solutions at Sierra Wireless. “Ekatra is an excellent example, transforming regular liquid fertilizer tanks into smart tanks that can tell you when they are leaking or automatically stop themselves from being overfilled, and in only three months. By eliminating the need to build IIoT infrastructure from scratch, Octave makes it easier and faster to get IIoT applications from concept to market, allowing practically any company today to begin realizing the benefits of Industry 4.0.”