Marcum Cronus Partners LLC (Marcum Cronus) is pleased to announce it acted as the exclusive financial advisor to Phylogy, Inc. (Phylogy) in the sale of its intellectual property and all related rights to Actelis Networks, Inc. (Actelis). Phylogy’s patented TripleStream™ DSL technology will be integrated into Actelis’ XLR8 – Accelerate Everything ethernet over bonded-copper solutions. Phylogy’s innovative technology will also add a residential component to Actelis’ currently commercially focused broadband solutions. Actelis, already the number one global provider of bonded-copper over Ethernet solutions, will be strengthened by Phylogy’s solutions targeted at domestic and international tier 1 telephone companies. The combined products of Actelis and Phylogy create a solution that will extend further the reach and quality of DSL for the broad global market.
Founded in 2003, Phylogy is the developer of xDSL products called the TripleStream™ Line Conditioners or TLCs™ designed to facilitate the delivery of high-speed, broadband Internet services over the existing copper network operated by telephone companies. The company serves large global tier 1 telephone companies. The company is based in Santa Clara, CA.
Founded in 1998, Actelis Networks is recognized as a leading global provider of Ethernet over bonded-copper solutions. With more than 200 service provider customers across 40 countries, Actelis provides solutions that enable telecom service providers, municipalities and enterprises, including utilities, financial institutions, defense companies, school districts and universities, to deliver advanced broadband services to their end users regardless of location. Headquartered in Silicon Valley, CA, Actelis has been funded by such leading private equity firms as Adams Street Partners, ATA Ventures, The Carlyle Group, and Global Catalyst Partners.
About Marcum Cronus Partners
Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Marcum Cronus Partners is an independent investment banking firm that provides financial advisory and investment banking services. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. Marcum Cronus services are distinguished by a disciplined evaluation of client objectives and competencies and a commitment to the successful execution of strategic corporate transactions. A member of the Marcum Group, the firm is an affiliate of Marcum LLP, one of the largest independent public accounting and advisory services firms in the U.S. (with 23 offices and over 1,100 professionals).
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Marcum Cronus Partners LLC
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