Elevate Semiconductor is a highly specialized provider of innovative integrated circuit products for the automated test equipment (ATE) industry. In 2018 Presidio partnered with the company and its founders to accelerate business growth and expand its product offering in the ATE market.
Since Presidio’s initial investment Presidio and Elevate’s management team started to focus on multiple value creation initiatives:
- Provide additional capital and resources to further improve the company’s supply chain and quality management
- Development of new innovative products in the automated test equipment industry
- Implementation of a new ERP system to improve internal management reporting and quality control processes
- Explore various strategic growth opportunities through M&A and expansion into adjacent markets and complementary verticals