EX-99.1
2
a10-15853_1ex99d1.htm
EX-99.1
Exhibit 99.1
For investor relations information,
contact:
For trade press information,
contact:
Jana
Ahlfinger Bell, 972.819.0700
Timi Jackson, 972.819.2336
e-mail: jbell@efji.com
e-mail: tjackson@efji.com
FRANCISCO PARTNERS COMPLETES ACQUISITION
OF EF JOHNSON TECHNOLOGIES, INC.
Irving, TX - August 13, 2010
- EF Johnson Technologies, Inc. (NASDAQ: EFJI) today announced that FP-EF
Holding Company, Inc., an affiliate of Francisco Partners, a global
technology-focused private equity fund, has completed its acquisition of EF
Johnson Technologies, Inc. Under the terms of the merger agreement approved by
stockholders, FP-EF Holding Company has acquired all of the outstanding shares
of EF Johnson Technologies, based on a price of $1.50 per share in cash.
"EF Johnson has a long
history of providing quality products and services to customers in its core
markets", said Ashutosh Agrawal, Principal at Francisco Partners. "We are
looking forward to partnering with the Company's management team to provide our
customers with leading products, and the industry's best customer experience".
"The EF Johnson team is
excited to be joining Francisco Partners", said Michael E. Jalbert, the
outgoing Chairman and Chief Executive Officer of EF Johnson Technologies. "Our extensive
technology capabilities and shared focus on customer service create a
compelling offering in this growing industry".
"I'm looking forward to leading the EF Johnson
team as it pursues its strategic goals and continues to focus on providing the
highest quality secure communications solutions for its customers", said Norman
Stout, the incoming Chief Executive Officer.
Mr. Stout brings more than 20 years' of technology experience to the
position.
About EF Johnson Technologies, Inc.
Headquartered
in Irving, Texas, EF Johnson Technologies, Inc. focuses on innovating,
developing and marketing the highest quality secure communications solutions to
organizations whose mission is to protect and save lives. The Company's
customers include first responders in public safety and public service, the
federal government, and industrial organizations. The Company's products are
marketed under the EFJohnson, 3e Technologies International, and Transcrypt
International names and are Made in America. For more information, visit
http://www.EFJohnsonTechnologies.com.
About
Francisco Partners
With approximately $5.0
billion of committed capital and offices in San Francisco and London, Francisco
Partners is one of the world's largest technology-focused private equity funds.
The firm was founded to pursue structured investments in technology companies
undergoing strategic, technological, and operational inflection points.
Francisco Partners targets majority and minority investments in private
companies, public companies, and divisions of public companies. The principals
of Francisco Partners have a proven track record, having invested in excess of
$4.0 billion of equity capital in over 50 technology companies. For additional
information, visit www.franciscopartners.com.
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EX - 99 . 1 2 a10 - 15853 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 For investor relations information , contact : For trade press information , contact : Jana Ahlfinger Bell , 972 . 819 . 0700 Timi Jackson , 972 . 819 . 2336 e - mail : jbell@efji.com e - mail : tjackson@efji.com FRANCISCO PARTNERS COMPLETES ACQUISITION OF EF JOHNSON TECHNOLOGIES , INC . Irving , TX - August 13 , 2010 - EF Johnson Technologies , Inc . ( NASDAQ : EFJI ) today announced that FP - EF Holding Company , Inc . , an affiliate of Francisco Partners , a global technology - focused private equity fund , has completed its acquisition of EF Johnson Technologies , Inc . Under the terms of the merger agreement approved by stockholders , FP - EF Holding Company has acquired all of the outstanding shares of EF Johnson Technologies , based on a price of $ 1.50 per share in cash . " EF Johnson has a long history of providing quality products and services to customers in its core markets " , said Ashutosh Agrawal , Principal at Francisco Partners . " We are looking forward to partnering with the Company 's management team to provide our customers with leading products , and the industry 's best customer experience " . " The EF Johnson team is excited to be joining Francisco Partners " , said Michael E . Jalbert , the outgoing Chairman and Chief Executive Officer of EF Johnson Technologies . " Our extensive technology capabilities and shared focus on customer service create a compelling offering in this growing industry " . " I ' m looking forward to leading the EF Johnson team as it pursues its strategic goals and continues to focus on providing the highest quality secure communications solutions for its customers " , said Norman Stout , the incoming Chief Executive Officer . Mr . Stout brings more than 20 years ' of technology experience to the position . About EF Johnson Technologies , Inc . Headquartered in Irving , Texas , EF Johnson Technologies , Inc . focuses on innovating , developing and marketing the highest quality secure communications solutions to organizations whose mission is to protect and save lives . The Company 's customers include first responders in public safety and public service , the federal government , and industrial organizations . The Company 's products are marketed under the EFJohnson , 3e Technologies International , and Transcrypt International names and are Made in America . For more information , visit http://www.EFJohnsonTechnologies.com . About Francisco Partners With approximately $ 5.0 billion of committed capital and offices in San Francisco and London , Francisco Partners is one of the world 's largest technology - focused private equity funds . The firm was founded to pursue structured investments in technology companies undergoing strategic , technological , and operational inflection points . Francisco Partners targets majority and minority investments in private companies , public companies , and divisions of public companies . The principals of Francisco Partners have a proven track record , having invested in excess of $ 4.0 billion of equity capital in over 50 technology companies . For additional information , visit www.franciscopartners.com . # # #
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