FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC, a Seattle-based middle market corporate finance and M&A advisory firm is excited to announce that their client, Silicon Mechanics Inc. (Silicon Mechanics or “the Company”) has been acquired by Source Code Corporation, a leader in dedicated server appliance manufacturing, headquartered out of Massachusetts. Meridian Capital served as the exclusive financial advisor to the Company.
ABOUT SILICON MECHANCIS
Silicon Mechanics, founded in 2001, is a leading systems integrator and custom design manufacturer of servers, storage, and high-performance computing technologies. The Company, headquartered out of Bothell, WA, provides the expertise necessary to scale open technology throughout an organization, from building out HPC or storage clusters to the latest in virtualization, containerized services, plus more. The Company delivers its solutions to commercial enterprises, government organizations and the research market.
“This acquisition strengthens our position in a number of markets, further enhances our West Coast presence, and continues our aggressive program of building our businesses both through acquisition and organic growth. We are very excited to have the Silicon Mechanics team join our expanding business.”
– Arthur Ataie, CEO, Source Code Corporation
“ It was an honor to work with Silicon Mechanics and their management team. The leadership that was shown by Eva Cherry throughout this process was remarkable… We were also impressed by the Source Code team and what they have been able to accomplish as they continue to grow their business.”
Patrick Ringland, Principal & Managing Director