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Mezzanine Management Invests Additional $4.1 Million
in GlobalWare Solutions
For Immediate Release
Contact: Ed Gromada, GlobalWare Solutions, 978.469.7326,
egromada@gwsmail.com
Haverhill - Monday, February 17, 2003-
GlobalWare Solutions (GWS), a leading global provider of Software Contract Manufacturing, Content Management and
eMarket Solutions, today announced that it has completed its third round of equity financing with Mezzanine
Management, LLC which will put an additional $4.1 million of capital into the company.
“In difficult economic times like those that we are experiencing in today’s technology markets, Mezzanine
Management supports its business partners with equity and other resources,” said Mezzanine’s Managing
Director Brad Jay. “We are committed to building growing businesses. Despite a difficult operating environment,
GlobalWare continues to have a “best-of-breed” service offering, efficient operations and a great customer base.
Furthermore, the company has continued to make long-term investments in the PowerCommerce platform and other
technologies as well as investments to grow in other markets. With a long term view, we are confident GlobalWare
will emerge from the current economic environment as a stronger company.”
“Mezzanine Management has proven to be an outstanding financial partner and continues to fund the company’s
growth and success,” said GWS founder and Chairman James R. Bartlett. “Mezzanine is providing both needed
capital for the company as well as additional senior executive experience.”
Bartlett also announced the appointment of Tony Rudston as interim Chief Executive Officer and Ian Cameron as
President. Rudston, a member of the GlobalWare Solutions Board of Directors since 2001, brings a vast wealth
of international experience to GWS. He was the driving force behind the merger of British Printing Company and
Watmough’s to form Polestar Corporation, Europe’s largest printer with revenues exceeding $750 million.
“By bringing in additional management resources, I will be able to focus on key strategic issues,” said Bartlett.
“As Chairman, I will spend more time maintaining our technology leadership, expanding our global footprint and
applying the company’s skills in new vertical markets. I have tremendous respect for Tony’s accomplishments as
CEO of the British Printing Company and Polestar. I have developed a strong working relationship with Tony over
the past 15 months in his capacity as a director and consultant to the company.”
Ian Cameron comes to GWS with many years of experience as an executive in the print and packaging industries.
He has been Managing Director at Polestar as well as performing the same role at Interpak and Nampac, two of
the largest packaging printers in South Africa.
“Tony and Ian have proven ability and enormous talent and will quickly integrate into our world-class
senior management team,” said Bartlett.
About GlobalWare Solutions:
Headquartered in Haverhill, Massachusetts, GlobalWare Solutions also operates facilities in Redwood City,
California and in Amsterdam, Holland. Among the company’s roster of clients are such leading corporations as
Sun Microsystems, Nortel, Philips Medical, Cox Communications, and Palm Inc. GlobalWare Solutions serves
the hardware and software OEMs, the EMS industry and the broadband, medical devices, and retail industries.
The company’s value-chain services include new product release, content management, software manufacturing, fulfillment, distribution and reverse logistics.
The privately-held company was founded in 1978 as ZBR Publications, a full-service printer.
GlobalWare acquired Bindco Corporation in 2000. The company employs 550 people and has 500,000 square feet of production space worldwide.
The company's web address is
http://www.globalwaresolutions.com
About Mezzanine Management
Mezzanine Management LLC (“MML”) was founded in London in 1988 as Europe’s first dedicated mezzanine
fund. Today, with $1.2 billion of assets under management and offices in the U. S., U.K. France, Germany
and Austria, Mezzanine has made investments in over 60 companies. Mezzanine is currently investing in a
third fund totaling $528 million. Mezzanine provides a full range of junior capital solutions including
mezzanine and equity to growth-oriented, middle market companies. MML targets investments in a broad
range of manufacturing and business service companies both domestically and internationally.
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