(PRWEB) May 22, 2013
Persephone Capital Partners, a private equity firm specializing in high growth companies in alternative energy, healthcare and technology sectors, announces the recent acquisition of GRT, headquartered at Pease International, Portsmouth, NH.
Government and private enterprises are implementing field mobile technology solutions to improve work flow and drive down costs, which is increasing both complexity and the demand for mobile expertise, deployment resources and 7×24 mobile support. With expansion capital funding provided by PCP, GRT will be able to fully capitalize on its intellectual capital gained from over 10 years of mobile field experience and provide the additional resources and expertise needed to help our customers manage their entire mobile lifecycle as they plan, develop, integrate, deploy, support, and analyze their field mobile solutions.
Jay Lifton, PCP’s Managing Partner stated, “Today’s mobile field service and work flow technology is providing government and commercial enterprises with the ability to collect, transmit, analyze and integrate data securely, efficiently and accurately while generating significant cost savings and better decision making. PCP recognizes the potential of the multi-billion dollar mobile technology market and the industry leading capabilities of GRT’s proprietary technology architecture, as well as its highly qualified and experienced business solutions analysts.”
Alex Sorokin, who has more than 30 years of executive and consulting experience with technology and business development in a wide range of industries, has been appointed as GRT’s CEO.
Persephone Capital, LLC
Persephone Capital is a team of dedicated professionals pursuing investment opportunities in complex and undervalued businesses. Our key focus is on providing a wide range of operational and financial resources to companies in the energy, healthcare, industrial, government and defense services related industries. The investment strategy has been developed by the core team with more than 30 years’ experience each in private equity and distressed investing as well as management turnaround and investment banking expertise. Our deep bench is supplemented by an advisory board comprised of recognized business leaders. Persephone's edge is to leverage our experience in deal sourcing, due diligence and investment discipline to create value for our investors. For more information about please visit the website: http://www.PersephoneCapital.com .
GRT (GRT Mobile Solutions, Inc.)
GRT was founded to help organizations in remote, disconnected and extreme environments report—in real time—critical information. The company has successfully delivered enterprise mobile field-data solutions since 2003. Initially developed for the United States Marine Corp, GRT solutions have been utilized all over the world by the American Red Cross, the United States Navy and many other international organizations. We are not an application which was developed yesterday, last year, or even 5 years ago. In fact, we have a proven history of success with mobile solutions in mission critical situations where lives depend on GRT solutions operating without issue in disconnected environments as well as connected.
GRT provides platform and device agnostic, easily integrated, secure mobile native applications offering a simple user interface built on a sophisticated rules and workflow engine that enables collecting and communicating of structured data from the field to multiple enterprise systems, providing reliable, real time situational awareness for informed decision making and reporting. Our Business Solutions Team provides the expertise to customize GRT solutions around the needs of the customer’s business process workflow. For more information about please visit the website: http://www.GRTMobile.com