- Jack Newton, President, PMC/BETA
Recent Transaction
Mirus Capital Advisors Assists hubX, Inc. with Bridge Financing
Contact:
Elliot Williams
Location: Massachusetts
Date: Jan 17, 2003
Boston, MA, Jan 17, 2003 - Mirus Capital Advisors has announced that on January 17, 2003 the firm successfully negotiated a bridge financing for hubX, Inc. Based in Newton, Massachusetts, hubX provides software and ASP services to the hospitality industry. hubX provides managed reservation, web and marketing services to its customers through its leading-edge integration and connectivity platform.
The bridge financing was provided by Newmarket International, the leader in delivering group, sales, catering and banquet software solutions to global travel and entertainment organizations. Portsmouth, N.H.-based Newmarket's CRM software enables their customers to increase efficiencies and maximize profits from group travel (tours, conventions, etc.).
RCW Mirus Inc. was retained by hubX to assist the Company with evaluating strategic alternatives which include venture financing and possible merger and acquisition opportunities.
About Mirus Capital Advisors: Based in Boston, Massachusetts and with clients throughout the world, Mirus provides investment banking solutions to middle-market corporations including merger advisory, recapitalizations and valuation services to entrepreneurs, private equity groups and corporate clients. Founded in 1987, Mirus has successfully completed a number of software transactions for both entrepreneurs and professional investors. More information about the firm is available on Mirus' web site at http://www.merger.com
Recent Transactions