Los Angeles (March 3, 2015) — Investment advisory firm Clear Capital Advisors, which advises middle market and emerging growth companies, today announced it served as exclusive advisor on the recently completed sale of Paralinx, a leading manufacturer of wireless and high definition video systems, to The Vitec Group (LSE: VTC.L), an international group principally serving customers in the Broadcast and Photographic markets. Clear Capital Advisors exclusively represented Paralinx in the transaction.
Paralinx was founded in 2007 by Dan Kanes and Greg Smolker to create a real-time wireless HD transmitter that any filmmaker could afford to incorporate into filmmaking environments. In 2012, Paralinx launched its signature product, the Arrow, and rapidly gained market share into the wireless video camera space. With this acquisition, Paralinx will be incorporated into Vitec Videocom’s Creative Solutions business unit.“ said Dan Kanes, founder and CEO of Paralinx.
Peter Cowen, Managing Director, Clear Capital Advisors, said, “the entrepreneurial skills of Paralinx, reflected by their meteoric growth is a great combination with Vitec’s market dominance.”
Vitec Group, headquartered in London, is a leading provider of products and services for the broadcast, photographic, and MAG (military, aerospace and government) markets. The Vitec Videocom Division endorses multi-brand system sales from some of the most innovative brands in the video camera industry, including Anton/Bauer, Autocue, and Teradek.
About Clear Capital Advisors
Clear Capital Advisors is an investment advisory firm focused on providing mergers and acquisitions advisory and capital raising services to select business services, digital media, healthcare, and technology companies. Securities offered through Fallbrook Capital Securities Corp., Member FINRA – SIPC. For more information, visit www.ClearCapitalAdvisors.com.