News Release
CONNECTOR RESOURCES UNLIMITED, INC. IS ACQUIRED BY CRU ACQUISITION GROUP, A COMPANY ORGANIZED BY VEBER PARTNERS
VANCOUVER, WA. (January 16, 2003) - CRU Acquisition Group LLC, a company organized by Veber Partners, has completed the acquisition of Connector Resources Unlimited, Inc. (CRU), a leading supplier of security-oriented computer data storage products, from Logitech International (NasdaqNM:LOGI). The new company will do business as CRU–DataPort.
Randal Barber, CRU–DataPort’s president and chief executive officer commented: “We are pleased to complete this transaction and are very excited about the prospects of bringing CRU’s products to the forefront of the marketplace in this security-conscious age.” Mr. Barber is the founder and former CEO of Panelview, Inc., which was sold to White Electronic Designs in 2001.
“Everyone at CRU is absolutely thrilled about this next step in our business”, said Jon Johnson, Director of Sales and Marketing for CRU-DataPort. “Mr. Barber’s expertise and focus on CRU’s ongoing success is best suited to this company’s situation and for DataPort customers worldwide.”
About CRU-DataPort
CRU-DataPort, a leading developer and marketer of data security and data storage devices for computer systems, offers a full line of high quality removable storage modules known as DataPort™. CRU products have the industry’s leading 10-year warranty and are sold throughout North America by distributors such as Ingram Micro, Tech Data and D&H, through large OEMs such as Gateway and Micron and leading resellers such as Insight, GTSI, and MegaHaus, a premier direct marketer. Many branches of government, including the FBI, the CIA, and the Department of Defense, as well as numerous Fortune 500 companies rely on DataPort™ products. Since its founding, CRU has sold nearly 2,000,000 units of its products into the marketplace. We invite you to visit the CRU web site at www.CRU-DataPort.com.
VEBER PARTNERS, LLC is a leading boutique investment and merchant banking firm focused on advising Pacific Northwest-based middle market and emerging growth companies on mergers and acquisitions, private placements, fairness opinions, valuations and other financial advisory services. Veber Partners also acts as a merchant bank in buying profitable companies as a principal. Visit Veber Partners on the World Wide Web at www.veber.com.
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