Lynx Software Technologies Enters into Agreement to be Acquired
SAN JOSE, Calif. - May 4, 2022 – Lynx Software Technologies (“Lynx”), a developer of open architecture software solutions for embedded computing systems, today announced it has entered into a definitive agreement to be acquired by affiliates of OceanSound Partners, LP (“OceanSound”). OceanSound is a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets. Financial terms of the transaction are not being disclosed.
Following the closing of the proposed transaction, OceanSound’s strategic investment and partnership will enable Lynx to continue to build on its legacy of delivering differentiated embedded software solutions for the aerospace, defense, and industrial end-markets while further optimizing and accelerating its growth potential. In addition, the Lynx management team will retain a significant ownership interest in Lynx.
Under the terms of the definitive agreement, an affiliate of OceanSound will merge with Lynx, subject to the consent of Lynx’s stockholders.
About Lynx Software Technologies
Lynx Software Technologies develops open architecture software solutions for mission-critical embedded computing systems in aerospace, defense, critical infrastructure, industrial, and enterprise end-markets. The Company’s real-time operating system (“RTOS”), hypervisor, and related software solutions support safe, cyber-secure, high-performance, and high-reliability computing environments for applications requiring the strictest standards for certification and compliance. Since 1988, customers have trusted Lynx’s RTOS, virtualization solutions, and certification expertise, which uniquely enable mixed criticality systems to be harnessed to deliver deterministic, real-time, and secure performance and intelligent decision-making.
About OceanSound Partners
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, visit www.oceansoundpartners.com.
For Lynx
Kirsten Nelson
+1 (408) 206-5753
knelson@lynx.com
For OceanSound Partners
Charlyn Lusk
Stanton
+1 (646) 502-3549
clusk@stantonprm.com
