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Private Equity Firm Acquires SensiQ Technologies from FLIR Systems

Tue, 07/24/2012 - 3:21pm

OKLAHOMA CITY--(BUSINESS WIRE)--SensiQ Technologies, Inc. has been acquired by private equity firm TechVen Partners, and will seek to aggressively expand the market reach of its Label-Free Surface Plasmon Resonance (SPR) devices for biomolecular interaction analysis.

“We’re ready to shake things up. With new resources, we are set to expand promotion of SensiQ’s innovative Label-Free SPR technology. Our technology has already received acclaim from many opinion leaders – we’re ready to get the word out”

“We’re ready to shake things up. With new resources, we are set to expand promotion of SensiQ’s innovative Label-Free SPR technology. Our technology has already received acclaim from many opinion leaders – we’re ready to get the word out,” said Tom Jobe, Chief Operating Officer for SensiQ Technologies, Inc.

SensiQ Technologies, Inc. was acquired by TechVen Partners, LLC, a private equity firm led by Colin Cumming, formerly Chief Executive Officer of ICx Technologies, Inc. Cumming has agreed to join SensiQ Technologies as CEO. The company’s operations were previously owned by FLIR Systems, Inc. FLIR retains a minority interest in SensiQ Technologies.

“We’re in a position to realize our full potential,” said Dr. John Quinn, Chief Scientific Officer for SensiQ Technologies. “SensiQ is going beyond incremental improvements; we’re providing the label-free community with tools that deliver unparalleled information content while maintaining throughput and sensitivity – and we will continue to set the industry pace in value and service.”

About SensiQ Technologies, Inc.
SensiQ Technologies, Inc. develops and manufactures innovative tools for the advancement of life sciences research. SensiQ Technologies offers a suite of instruments and platforms for biomolecular interaction analysis using Label-Free Surface Plasmon Resonance (SPR) technologies. The technologies are based on a family of patents licensed from Sensata Technologies Inc. SensiQ began as a division of Nomadics, Inc., and by acquisition became part of ICx Technologies, Inc. in 2005 and FLIR Systems, Inc. in 2010. In 2012, TechVen Partners acquired the SensiQ operations from FLIR and formed SensiQ Technologies, Inc., with FLIR maintaining a minority interest in the company. Additional information is available on the company’s website at: www.sensiqtech.com.

About TechVen Partners, LLC
TechVen Partners, LLC is a private equity firm dedicated to the development of early stage technology companies. In addition to direct investments, TechVen Partners provides a range of mentoring and management resources. The TechVen team is led by Colin Cumming, formerly President and CEO of Nomadics and ICx Technologies. Additional information is available at: www.techvenpartners.com.

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