Newmarket provides Bridge Financing to HubX, Acquires License
Boston, MA, Jan 17, 2003 – Mirus Capital Advisors has announced that the firm successfully negotiated a bridge financing for hubX, Inc. Based in Newton, Massachusetts, hubX provides software and ASP services to the hospitality industry. hubX provides managed reservation, web, and marketing services to its customers through its leading-edge integration and connectivity platform.
The bridge financing was provided by Newmarket International, the leader in delivering group, sales, catering, and banquet software solutions to global travel and entertainment organizations. Portsmouth, N.H.-based Newmarket’s CRM software enables their customers to increase efficiencies and maximize profits from group travel (tours, conventions, etc.).
Mirus was retained by hubX to assist the Company with evaluating strategic alternatives which include venture financing and possible merger and acquisition opportunities.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care, and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.merger.com.Back to Transactions