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The majority economic and operational control of the company will be held by key management and senior executives in Hyphen Solutions. Under the new ownership David B. Deniger will continue to serve as General Partner, Chairman and majority owner of Hyphen Solutions while Clay K. Deniger, Vice Chairman will oversee strategic initiatives, Felix Vasquez will continue as President and CTO and Dan Lanier will remain Chief Financial Officer.
In addition to the stability provided by employee ownership, it will also provided substantial new resources for the continued growth of Hyphen’s product platforms.
The merging of operational control and economic ownership with senior Hyphen management insures continuity of product development, technology support and product pricing. “The investment by the management team underscores the commitment of Hyphen employees and owners to our customers and the opportunities available to the company and it will also allow us to concentrate on delivering the most compelling products in the marketplace for the foreseeable future without the liquidity demands of traditional investment funds,” said David Deniger, Chairman of Hyphen.
Felix Vasquez, President of Hyphen, added, “Our leadership position in the market is unrivaled with 9 of the Top 20 U.S. Home Builders using our products. Most of our clients now utilize our core products (BuildPro and SupplyPro) along with at least one of our newer products, which include Hyphen Inspections, Hyphen Storm Water Inspections Management, Hyphen Lien Releases, Hyphen Bidconnect, Hyphen SupplyPro Connect, and Hyphen SupplyLink.”
The existing management team has been together in excess of 8 years and has proven adept at navigating a challenging marketplace. Clay Deniger will augment the team in the role of Vice Chairman. Mr. Deniger brings 20 years of technology and investment banking experience including roles as CEO of several venture-backed technology companies and as a lead in the structuring and capital formation of over $4 billion in private equity fund transactions.
The team has combined experience of 36 years with Hyphen along with 130 years experience in their respective fields. Beyond the operational and marketing expertise, the management team and new owners bring backgrounds in technology, real estate construction and development, and private equity investing with portfolios in excess of $25 billion over the past 25 years.
“We expect to expand our list of business partners, which currently include Oracle Corp Constellation Software, Essex Financial, and Intersystems, to boost the speed at which new products and services are added to our growing Supply Chain Network,” stated Clay Deniger, Vice Chairman of Hyphen, “plus it will allow the company to respond to our customers’ continued interest in having an equity stake in the company.”
Hyphen Management is invigorated by the opportunities ahead and stated that the changes in ownership are effective immediately and will improve the operations of the company.
For more information on Hyphen Solutions, LP:
This press release was issued through eReleases(R).  For more information, visit eReleases Press Release Distribution[2] at http://www.ereleases.com[3].
SOURCE Hyphen Solutions, LP
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