Denver, Colo. (October 11, 2016) – Critigen, a global geospatial services firm, is poised for rapid expansion fueled by growth capital from Los Angeles based Angeleno Group, a leading private equity firm dedicated to next generation opportunities in the energy and natural resources sector. Angeleno Group joins majority shareholder, Transom Capital Group, in an effort to accelerate development of Critigen’s innovative, award-winning geospatial products and services and to expand into new verticals such as energy, power, smart cities and resource efficiency.
“We are thrilled to welcome Angeleno Group as a strategic growth partner,” said Jeff Haight, Chief Executive Officer of Critigen. “Angeleno Group’s industry expertise and investment will accelerate Critigen’s new market entry and product development launch timetable.”
Critigen is a full-lifecycle geospatial systems provider that helps clients increase business performance through spatial IT solutions. With global reach, top-tier partnerships and a comprehensive approach, Critigen delivers all components of a geospatial program, including; Data Collection, Spatial Processing, Analytics & Intelligence; Application Development and Mobile Solution Development.
“We are delighted to be partnering with Critigen in the company’s next phase of growth as it brings to market innovative geospatial services, products and insights that help to enable the success of its broadening customer set,” said Danny Jaffe, Principal, Angeleno Group. “Working together we hope to create tremendous value as a world leading provider of geospatial technology and analytical solutions, further expanding the company’s presence and role in the energy, power and natural resources industries.” said Anil Tammineedi, Principal, Angeleno Group.
Ty Schultz, Managing Partner at Transom Capital, added “Critigen’s suite of products and services have significant potential beyond their existing markets, and this growth capital will enable them to more quickly and aggressively access these new markets. Transom is pleased to welcome Angeleno Group to this venture.”
Critigen is a full-lifecycle spatial systems integrator driving business performance through spatial IT solutions and services. Critigen helps clients make spatial technologies “work” in organizations of all sizes, integrates spatial technologies with enterprise systems, and enables field users with mobile spatial solutions. Critigen delivers all components of a geospatial program: data collection, spatial processing, analytics and intelligence, application development and mobile solution development. Critigen’s Spatial Enterprise consulting services tie these technology and process components together with business strategies that maximize the value of geospatial information. www.critigen.com
Founded in 2001 and based in Los Angeles, CA, Angeleno Group is a pioneer in providing growth capital for next generation energy and natural resources companies. Angeleno Group invests opportunistically in a range of deal types, with a strategy that is sector-focused, stage-agnostic, and research-driven. Since its founding, Angeleno Group has become one of the largest dedicated energy growth equity investment firms, deploying capital on a global basis, backed by a world class set of institutional investors and visionary and strategic business and technology leaders from the energy, fuels, water and resource efficiency industries. www.angelenogroup.com
Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the middle-market. The Transom Capital team has a proven track record of investing in, restructuring, monitoring and growing businesses for the long-term. Key to its success is its approach of heavy operational involvement via its proprietary ARMOR℠ value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that helps unlock intrinsic value at its companies. Transom Capital’s unique team of professionals brings the experience, energy, and expertise to maximize the value-added to each company. www.transomcapital.com.
For additional information contact:
Dianna Herbst
Critigen Marketing Director
303.713.3230
[email protected]
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