Mooreland Partners advises w2bi, Inc. in its sale to Advantest Corporation
South Plainfield, New Jersey / Tokyo, Japan — June 21, 2013 –Mooreland Partners is pleased to announce that it acted as exclusive financial advisor to w2bi Inc. on its sale to Advantest Corporation.
w2bi is a provider of automated test software for handsets and other mobile communication devices and associated test service solutions. Founded in 1997, the company has offices in South Plainfield, NJ, USA and Chennai, India.
Advantest is the leading producer of automatic test equipment (ATE) for the semiconductor industry and a premier manufacturer of measuring instruments used in the design and production of electronic instruments and systems. The acquisition of w2bi aligns with Advantest’s strategic expansion into the wireless market.
This marks Mooreland’s 35th closed transaction since the start of 2012 and further underscores Mooreland’s position as the top M&A advisor to the global mobile industry.