SOURCE: Primarion

July 25, 2005 08:00 ET

Primarion Secures Support for Leading Digital Power Technology With New Funding From W Capital Partners

TORRANCE, CA -- (MARKET WIRE) -- July 25, 2005 -- Primarion, a mixed signal semiconductor company that provides digital control of power and I/O solutions, announced today that it continues to receive strong financial support with a new investment from W Capital Partners and continuing investments from Accel Partners, APV Technology Partners and Lehman Brothers. As a result, Primarion has raised in excess of $22 million in Series D equity financing, which it is using to further expand its global resources and market presence, and accelerate the development of the industry's most cost effective digital power control solutions.

"The last year has been incredibly strong for Primarion. Through this round of funding, our investors recognize that Primarion is building substantial momentum, thanks to our innovative approach to meeting the current and future demands for digital power," said Ron Van Dell, president and CEO, Primarion. "The next generation of processors for computing, graphics, and data communications present the engineering community with difficult power requirements. With our digital power solutions in production, Primarion is ideally suited to help companies overcome these challenges."

"W Capital Partners is excited to be part of this investment round because of the tremendous market traction that Primarion has established and continues to build upon," said Stephen Wertheimer, founding partner, W Capital Partners. "We're confident that the Primarion team, strategy and products have positioned the company to become a global leader in the digital power market."

Primarion has significantly expanded its global operations in the past six months to support a number of revenue-generating design wins. In particular, the company now offers field application support in the Dallas and Research Triangle Park, N.C. areas, as well as in California and Taiwan. The field applications personnel and centers will support Primarion's current customer base and provide a strong, local market presence for future design wins.

Primarion's family of digital controllers provide unparalleled flexibility, performance and solution cost for next generation computing, graphics and data communications platforms. Primarion's third generation chipsets enable VR11-compliant voltage regulators to achieve unmatched efficiency of 90 percent. Additionally, Primarion's common digital architecture allows the use of one digital controller from the lowest cost desktop design to the highest performance server designs.

About W Capital Partners

W Capital Partners is a NYC-based private equity firm providing liquidity alternatives in the secondary market for direct private equity investments with over $1 billion of invested capital under management from previous funds and a newly committed fund of $250 million. W Capital has investments in over 150 private companies including many investments in the infrastructure technology and hardware industries. For additional information, please visit the W Capital website at www.wcapgroup.com.

About Primarion

Primarion is a mixed signal integrated circuit company that addresses key inflection points in power and I/O driven by the exploding demand for digital content and information. Primarion Digital Power ICs are positioned to beat traditional analog power ICs in cost per amp, performance and features with advantages that grow with each new processor generation. Primarion I/O ICs enable digitally controlled optical links for storage, networking and computing. Headquartered near Los Angeles, Calif. with offices in Phoenix, Ariz. and Taipei, Taiwan, Primarion has received venture funding from eminent venture funds and strategic partners such as Accel Partners, Lehman Brothers, APV Technology Partners, W Capital Partners and Intersil. For additional information, please visit the Primarion Web site at www.primarion.com.

Contact Information

  • For more information:
    Marcia Chapman
    Brodeur, for Primarion
    602.808.1169
    Email Contact