Catalyze Partners, a leader in acquiring and commercializing advanced technology, announced the acquisition of Axcend, LLC. This transaction, which closed July 15, 2024, serves as the cornerstone to a robust platform in the analytical instrumentation and measurement market for Catalyze Partners.
Read also – Funding Wrap of the Week | American Startups Funding Roundup | July 15 – July 19
The transaction includes Axcend’s revolutionary line-up of eco-friendly, compact and portable HPLC instruments and accessories, designed to deliver unparalleled performance and reliability. T
Read also – [Funding News] Saronic Secures $175 Million Series B Funding
“This acquisition opportunity was identified and brought to us through our partner network, underscoring the trust they have in our commercialization prowess,” said Tricia D’Cruz, founder and Managing Director of Catalyze Partners. “Our acquisition of the technology addresses a growing $5B market central to pharmaceuticals, environmental monitoring, chemical manufacturing, oil & gas production and numerous other industries.”
The Focus LC was developed initially at Brigham Young University by renowned inventor Dr. Milton Lee. The system is engineered to significantly reduce the size, cost, and environmental impact of traditional HPLC systems, aligning with industry demands for a smaller footprint, portability and sustainability in laboratory equipment.
“We’re extremely pleased to join forces with the seasoned team at Catalyze Partners,” said Greg Ward, Axcend CEO. “I am confident that this is the winning formula for development of customer solutions that push the boundaries of scientific analysis and allow scientists to solve the most complex health and scientific challenges.”
About Catalyze Partners
Catalyze Partners launches scalable companies that accelerate commercialization of intellectual property sourced from the world’s most innovative global corporations, monetizing significant investments in innovation. With established internal and external funding networks and a leadership team made up of proven business operators, Catalyze commercializes untapped innovations to make the greatest impact and deliver the highest value to our stakeholders. Catalyze is the bridge between novel technologies and commercial markets that drive profits and investor returns.
About Axcend
Axcend is a provider of compact, high-performance liquid chromatography (HPLC) systems and accessories. These solutions allow scientists to bring the lab to the sample and HPLC Anywhere® by providing dramatic improvements in portability, ease-of-operation, rapid and convenient deployment, all with significantly reduced operating costs and solvent usage.
