ITU Ventures announced today, February 16, 2007, that OnWafer Technologies has been successfully acquired by a large semiconductor capital equipment company. ITU Ventures management did not disclose the identity of the acquiring company nor the terms or total amount involved in the acquisition.
OnWafer Technologies is ITU Ventures maiden investment, funded way back in the year 2000 during the company's first year of operation. This successful exit which resulted in the deliverance of solid returns, marks the validation of the company's proven investment strategy, according to Managing Partner Chad Browstein.
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