Sep 2018

Presidio Investors Announces Second Investment of Fund II, a Majority Stake in Elevate Semiconductor

Presidio Investors Closes Second Investment in Fund II, a Majority Stake in ElevATE
Semiconductors, Inc.

San Francisco and San Diego, CA, August 31st 2018 – Presidio Investors today announced the acquisition of a
majority stake in one of the leading analog semiconductor design companies for the automated test
equipment (ATE) industry. With a proven track record of consistently delivering the highest density, lowest
power solutions available, systems designed around ElevATE products have a competitive advantage in the
ATE market space and are able to adapt successfully to emerging trends and challenges while providing ever
increasing end user value.

ElevATE offers a wide variety of solutions for the ATE market with variable levels of integration so that the
company can serve the unique requirements of multiple end user segments such as System on a Chip (SOC)
Test, Memory Test, Test During Burn-in (TDBI), In-Circuit Test (ICT) and beyond.
Patrick Sullivan, ElevATE CEO, commented: “The ElevATE team is thrilled to partner with Presidio in order to
further establish ElevATE’s preeminence in the ATE marketplace. This partnership will help the ElevATE team
continue to develop new innovative products that offer compelling value to our customers while providing
the capital and resources to further improve our supply chain and quality management.”
Chris Puscasiu, Managing Partner of Presidio Investors, added “We are excited to partner with Patrick and his
team to help ElevATE continue on its entrepreneurial path. We have been impressed how ElevATE has
become a leader in providing efficient, innovative solutions for some of the world’s leading semiconductor
companies. We will continue to support ElevATE’s technology driven, customer centric approach and want to
help ElevATE expand into additional platforms, geographies, and technologies.”

About Presidio Investors

Presidio Investors, a private equity firm based in San Francisco, CA with an office in Austin, TX, was founded
in 2007 to pursue exceptional lower middle market investments. The firm’s experienced investment
professionals specialize in growth-oriented buyouts in the Business Services, Consumer Services and Financial
Services industries. The entire Presidio Investors team also has substantial operating experience, and works
side-by-side with management teams to help achieve the best possible outcome for all stakeholders. For
more information, visit:

About ElevATE

ElevATE Semiconductor is headquartered in San Diego and was founded in 2012 by former members of the
Intersil ATE Products Division. The management team consists of a seasoned group of highly specialized
analog chip designers, engineers, business leaders and entrepreneurs. ElevATE operates globally and its
founders have over 100 years of combined ATE experience while supporting roles directly related to ATE at
companies like Brooktree Corp, Edge Semiconductor, Semtech, Megatest, Nextest, and Planet ATE. This
broad knowledge base and experience enables ElevATE to provide focused support that caters to the unique
requirements of the ATE market. For more information, visit: