FutureLogic was founded in 1983 as an electronic design consulting business. By 2002 the Company had grown into a leading designer and manufacturer of small format thermal printers, primarily serving the gaming industry. As a successful young company, FutureLogic was facing the challenges of rapid growth, attempting to scale its processes, systems, and facilities, and upgrade and deepen its management team. The Company was owned by three primary shareholders, two of whom wanted to continue to expand the business and create additional value. At the same time, they wished to diversify their net worth. The third shareholder wanted to exit the business.

In late 2002, ClearLight led a leveraged recapitalization of the company and purchased a majority interest. The two shareholders who desired to do so remained in active management positions while the third partner exited the company.

ClearLight contributed to FutureLogic’s success in a number of ways. We instituted a strategic planning process to allow the company to identify and qualify new vertical markets to diversify its revenue base, assisted the new CEO in setting objectives and developing managerial reporting. In addition, we provided temporary financial management while conducting a search for the CFO position as the incumbent had chosen to be cashed out in the transaction. We also referred a marketing consultant, and assisted in selecting and implementing an ERP system.

During ClearLight’s tenure, the Company was successful in diversifying its revenue base, doubled revenues, and posted impressive margins. In early 2005, ClearLight sold its interest in FutureLogic after receiving a very attractive unsolicited offer for the Company. Because ClearLight established an equity incentive plan for the management team, the transaction allowed the Company’s executives to benefit financially from their hard work and contributions to FutureLogic’s growth.