Imago Scientific Instruments Receives $3.4m In Equity Funding
MADISON, WI, APRIL 21, 2006: Imago Scientific Instruments, the world leading provider
of Atom Probe Tomography instruments, announced today that it has completed a $3.4
million round of equity funding led by Draper Fisher Jurvetson (DFJ), Portage Venture
Partners (PVP) and Cipio Partners.
"We are delighted to have the continued support from venture capitalists of this caliber to
help us build a world class company," said Timothy Stultz, president and CEO.
The capital raise comes less than 2 weeks following Imago's acquisition of Oxford
nanoScience (ONS) from UK-based Polaron plc. "The acquisition of ONS strengthened
our position as the dominant company in the global market for atom probe microscopes,"
said Dr. Stultz. "We now have the largest product line, largest installed base, highest
revenues, and a dominant intellectual property position in atom probe technology."
"With its proprietary position, rapid growth and strong management team, Imago is
extremely well positioned to become a large, leading supplier of advanced metrology
tools to the microelectronics and materials research industries," said Warren Packard,
board member and managing director of DFJ.
"The strategic acquisition of ONS and increased working capital from this equity funding
will help further accelerate the growth of an already dynamic company in an exciting
industry," said Matt McCall, board member and PVP partner. "This is definitely a
company to keep an eye on."
About Imago
Imago Scientific Instruments Corporation is the recognized world leader in Atom Probe
Tomography and developer of Nanolytical® tools and solutions for manufacturers,
engineers, and scientists involved in the nano-technology revolution. The Company's
technology and products provide sub-nanometer element mapping of microelectronic
devices and materials. Imago is committed to the sustained advancement of nanotechnology
solutions specifically addressed to metrology and analysis challenges in the
Semiconductor, Data Storage and Advanced Materials markets. Imago provides
worldwide customer support from locations in the United States, Japan, Europe and Asia
Pacific.
CONTACT:
Timothy Stultz, Ph.D.
President and CEO
Imago Scientific Instruments Corporation
+01.608.274.6880
information@imago.com
www.imago.com
