GREENWOOD VILLAGE, Colo., March 18, 2022 /PRNewswire/ — SDR Ventures is pleased to announce that Tensentric, Inc. (“Tensentric” or “the Company”) received a majority investment from GenNx360 Capital Partners (“GenNx360”) to fuel the company’s next phase of growth. SDR served as the exclusive sales consultant to Tensentric throughout the transaction process.
Situated at Boulder, Colorado, Tensentric provides outsourced design, engineering, prototyping and assembly services for leading medical technology, in vitro diagnostics and life science companies. Since its founding in 2009, the Company has quickly established itself as a leading contract development partner, recognized for its team of differentiated engineers and its experience working on the most cutting-edge development projects in the industry. .
“We are very excited to welcome GenNx360 as a partner in what marks an important step in the evolution of Tensentric. With their growth-oriented mindset and track record of successfully scaling services, GenNx360’s partnership will help us better serve our customers as they seek to accelerate their product development initiatives,” said Wade Lukianowco-founder and CEO of Tensentric.
Jeff GentryCo-Founder and COO of Tensentric, added, “GenNx360 will undoubtedly help us continue to provide our customers with the best solutions and execute the next phase of our growth strategy. Our team is extremely grateful for the level of partnership and trust. this Scott Mitchell and the SDR team provided throughout the process. SDR’s dedication has allowed Tensentric’s legacy to thrive for years to come.”
Scott MitchellManaging Director of SDR Ventures, said, “Working closely with Wade and Jeff, our team was able to approach the market with a highly targeted plan of attack ensuring their new partner would provide the resources and expertise to develop industry quickly. – leading brand of Tensentric. After reviewing the market players, GenNx360 emerged as the perfect partner for Tensentric’s long-term strategic vision. Our team is confident that this new partnership will thrive for years to come.
Founded in 2006 and based in New York City, GenNx360 is a private equity firm focused on acquiring business-to-business services and middle-market industrial companies. GenNx360 invests in companies with proven and sustainable business models in growth industries, with the goal of implementing value-added operational improvements to accelerate growth, generate efficiencies and generate strong financial returns.
Pratik RajeevanGenNx360 principal who led the transaction added, “Wade and Jeff have built a world-class, multi-disciplinary engineering team that allows Tensentric to partner with highly innovative customers, from early concept development and from ideation, to detailed design, prototyping, and assembly of medical, IVD, and life science devices, GenNx360 looks forward to working alongside the Tensentric team and ushering in a new era of shared success.
SOURCE SDR Ventures