PE-backed Source Code buys certain assets of Silicon Mechanics
Summary
Source Code , a portfolio company of JMC Capital Partners , has acquired certain assets of Seattle-based Silicon Mechanics , a provider of servers, storage and high-performance computing technologies.BOSTON, Aug. 23, 2018 /PRNewswire/ — JMC Capital Partners (“JMC”) is pleased to announce that its portfolio company Source Code LLC (“Source Code”) has completed the acquisition of certain assets of Silicon Mechanics, based in Seattle, WA.Headquartered in Waltham, MA, Source Code is a leader in the design and manufacture of dedicated servers for independent software developers, advanced artificial intelligence, and deep learning applications, and a leading provider of IT services.“This second add-on acquisition, coming only 3 months after Source Code joined our portfolio, continues our aggressive growth program,” said David Logan, JMC Operating Partner.Founded in 1992, Source Code is a leading manufacturer of custom built server and storage devices as well as a provider of IT services.