25 Jul 2005
ICON has advised the management of Trilogy Broadcast Limited ('Trilogy') on the buy-out of the company from its existing investors, ICON raised the MBO funding of £2.1m from Foresight Venture Partners.
Trilogy has developed Mercury, a ground-breaking solution for wide area Audio Command and Control applications based upon Internet Protocol technology. A key attribute of the product is that it provides a unique solution to the critical problem of radio system interoperability which is a major issue in key security and communications markets, including Homeland Security in the USA.
This builds on Trilogy's historical expertise and products which include wired audio command and control communications systems, signal monitoring and timing reference equipment, which are used in over 40 countries worldwide by blue chip customers that include BBC, LWT, Bloomberg, CNBC and Hearst Argyle.
"Foresight completed an investment in audio communications leader Trilogy following an introduction by ICON. From our perspective, this was typical of the type of well presented good business opportunity that ICON works with. One of the real differentiators during the Trilogy fundraising process was that ICON showed that they understand how to manage a transaction by carefully balancing the need for keeping a disciplined process and timescale with the flexibility needed by investors to conduct a thorough due diligence process."
Bernard Fairman, Managing Partner, Foresight Venture Partners