Miami, Florida – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with $21 billion of equity capital under management, is pleased to announce that its portfolio company, ATX Networks Corp. (“ATX”) has acquired Pico Digital, Inc. (“Pico”). ATX is a market leading global provider of video and broadband equipment solutions across multiple delivery networks serving residential, enterprise, and commercial video markets. The Company’s network infrastructure systems include hybrid fiber coax (“HFC”) equipment with advanced fiber optic technology, which cable operators rely on to enable increased bandwidth. ATX’s video solutions allow operators of commercial properties to deliver customized video and data services to end-users. Pico Digital is a rapidly-growing and innovative provider of solutions to the satellite video and radio broadcasting markets and ATX’s investment in Pico extends its expertise and leadership in the commercial video solutions segment.Headquartered in San Diego, CA, Pico designs and manufactures patented high-performance, high-value distribution and customer premise equipment for satellite providers, cable companies, and radio customers. Hotels, universities, healthcare facilities, and MDUs use Pico’s satellite gateway equipment to transmit customized video and data services to each room in a property. Radio stations and broadcasters rely on Pico’s mission-critical radio distribution systems to send, receive, and manage programming and advertising. The scale, resources, and capabilities of ATX will support Pico’s continued rapid growth in the U.S. and globally.
About ATX Networks
ATX is a market leading global provider of video and broadband equipment solutions across multiple delivery networks serving residential, enterprise, and commercial video markets. The Company’s network infrastructure systems include hybrid fiber coax (“HFC”) equipment with advanced fiber optic technology, which cable operators rely on to enable increased bandwidth to their subscribers, and to transmit signals over longer distances while conserving fiber, power, and space. ATX’s growing suite of commercial video solutions allow network operators to efficiently deliver video and data services within properties and develop customized end-user experiences through transcoding and encoding, bulk video transition gateways, and content streaming products. Headquartered outside of Toronto, Ontario, the Company also has facilities in San Jose, CA and Stuart, FL and maintains a state-of-the-art research and development center in Petach-Tikva, Israel.
About Pico Digital
Pico Digital, based in San Diego, CA is a global telecommunications technology company providing differentiated, cutting-edge solutions and products for the satellite and radio markets. The Company designs and manufactures high-performance, high-value distribution and customer premise equipment. Pico serves television and radio broadcasters, content providers, the hospitality industry, and commercial users in more than 50 countries.