Applied Precision Sold to Management
Founded in 1986, Applied Precision has 100 employees. Mr. Seubert told IBO that the ownership change was related to the semiconductor business sale and that there are enormous opportunities for the firm as a life science–focused provider. Joe Victor previosly ran the Life Science division.
Issaquah, WA 5/5/08—Applied Precision LLC has been sold to its management team and Telegraph Hill Partners, effective April 29. The new company, Applied Precision, Inc., will continue to offer its DeltaVision microscopy-based imaging products as well as OEM products, including the arrayWoRx scanner platform and precision control solutions. CEO and Chairman Ron Seubert will remain, Joe Victor will serve as president and Steve Reichenbach will serve as CFO. Applied Precision sold its Semiconductor Division to Rudolph Technologies late last year.
