SANJOSE, California, July 16, 2012: William VanVleet, President and Chief Executive Officer announced today the launch ofHaystax Technology, Inc. a next generation intelligence company.Haystax will focus on providing products, systems and service solutions in analytics, visualization and cyberspace to meet the exponential increase in data volume and the ever-changing information needs of government and industry.Haystax Technology, Inc., a privately held company, in partnership with The Edgewater Funds plans to invest strategically in key companies and state of the art technologies. By buildingHaystax Technology through strategic acquisitions, the company’s solutions will sift, refine and analyze large, disparate and unstructured volumes ofdata toreveal undiscovered connections and enable precise, real-time decisions.William VanVleet, President and Chief Executive Officer ofHaystax commented, “We believe the government and commercial industries need a company they can to turn to meet their specific needs in analytics, visualization and cyberspace. By combining the technological strengths and market penetration of many small and emerging firms,Haystax will be able to offer the “best-of-breed” solutions.”Chief Financial Officer ofHaystax, James Doyle added, “Our past success in the public market affords the opportunity to raise capital in either the private or public markets. Bill and I worked well together with the investment community to add value for shareholders. We believe we have a similar opportunity to do the same withHaystax.”Jeff Frient, Partner with The Edgewater Funds commented, “We are excited about the opportunity to work with Bill and Jim to create the next mid-market intelligence company. These professionals have significant industry experience and a proven track record as evidenced by the very successful sale of Applied Signal Technology, Inc. to Raytheon. The combination of a quality management team and Edgewater’s investments make for a very promising opportunity.” About Haystax Technology, Inc.
Haystax Technology, Inc. provides next generation products, systems and service solutions to sift, refine and analyze large, disparate and unstructured volumes of data to reveal undiscovered connections and enable precise, actionable intelligence for government and commercial market clients. About The Edgewater Funds
The Edgewater Funds is a premier private equity firm based in Chicago, Illinois. Through Edgewater Growth Capital Partners the firm provides capital and experience to profitable growth businesses run by experienced management teams. With nearly $2 billion under management, Edgewater has distinguished itself through successful partnerships with quality middle market companies. For Additional Information Contact:
James Doyle, Chief Financial Officer HAYSTAX TECHNOLOGY, Inc. 6475 Camden Avenue, Suite 203 San Jose, CA 95120 www.haystaxtechnology.com
Phone: (408) 757-5163