Ventures

PA Consulting Group demerged its successful venture arm, Ipex Capital, in June 2008. PA Consulting and Ipex Capital have a strong pedigree in successfully exploiting and incubating intellectual property, technology, and know how. In 1999 they founded UbiNetics, a company which became a world leader in 3G test and measurement products. The company supplied many of the world's leading telecoms operators, and semiconductor and handset device manufacturers. In May 2005 the Test and Measurement division of UbiNetics was sold to Aeroflex Incorporated for $84.5 million, and in July 2005 PA agreed to sell the other half of the venture – Volume Product Technology – to CSR Plc for $48 million.

Other successful exits have included Meridica, a developer of drug delivery devices and products for the pharmaceutical industry which was founded in May 2001 and sold to Pfizer for $125 million in November 2004, and Cubiks.

PA Consulting continues to work closely with Ipex Capital on existing ventures in the Ipex portfolio as well as looking at new opportunities together.

 www.ipexcap.com

ProcServe
Delivering procurement transformation

ProcServe provides fast, flexible and secure electronic marketplaces. ProcServe's solutions include vendor-neutral connectivity and transaction capabilities, helping companies to better utilise the software investments that they have in place today, while facilitating new software investments in the future. ProcServe's largest shareholder is PA Consulting Group, which has appointed Ipex Capital to manage its investment on its behalf.

 www.procserve.com