Huntington Capital Fund II, LP (“Huntington”), a San Diego based lower-middle market focused private equity mezzanine fund, is pleased to announce a recent growth capital investment in Wave Technology Solutions Group, Inc (“Wave”), a leading Southern California based professional Information Technology services and solutions provider.
Founded in 1992, Wave specializes in helping commercial and municipal sector clientele with the design and implementation of solutions that address their business process outsourcing and IT services needs, enabling them to improve productivity, efficiency, security and reduce overall costs. These solutions range from infrastructure build up and systems integration, to specific applications level solutions such as the capture and management of content, storage and archiving solutions, network infrastructure, data security and enhanced unified communications. For more information on the company please visit their website at www.waveimaging.com.
“The foundation for every good investment is people and Wave epitomizes that philosophy,” said Huntington Managing Partner Barry Wilson. “The integration of these solutions requires a high degree of technical skill, experience and a thorough understanding of the customer’s business. We discovered during our due diligence process that the Wave team excels in partnering with its customers to serve as a true extension of their own IT departments and in effectively delivering mission critical infrastructure.”
“The Huntington team swiftly understood and analyzed our business opportunities, and was flexible to accommodate our needs with a well-suited capital structure to support our fast-paced growth strategy,” noted Wave CEO Matt Vaezi. “The Huntington team demonstrated great professionalism and depth of analysis, and we look forward to relying on them as a key partner in helping us attain our future successes.”
“The professional IT services market remains a large, expanding industry” indicated Huntington Senior Associate Joel Gragg. “And we remain very favorable on both the company’s positioning and growth prospects within the market.”