Reversing a 2011 merger, Radiant Zemax (Redmond, WA) has sold its Zemax optical design software business unit to Arlington Capital Partners (Washington, DC), a private equity firm. Mark Nicholson, who had led the Zemax unit, has been named Zemax CEO. Radiant Imaging and Zemax Development Corporation merged in March 2011 to form Radiant Zemax under the ownership of Evergreen Pacific Partners.
Radiant Zemax says the merger had brought together complementary technologies and enabled Zemax to invest heavily in its flagship product, OpticStudio, which has delivered unprecedented growth for Zemax. During this time, Zemax has built a leadership and development team, expanded its global sales capability, and developed a platform for future growth. As an independent, stand-alone business, Zemax will focus on its core customers and technology.
Related Article: Photonics Products: Lens-design Software
The Radiant side of the business will continue to operate as Radiant Zemax in the near term, focused on its solutions portfolio which includes integrated imaging systems to measure light and color in flat panel displays, illuminated keyboards, LEDs, and other light sources. Radiant continues to make significant investments to expand its applications and grow its team.
Source: Radiant Zemax