Purchase of minority interest represents continuing community commitment.
Colorado Springs, October 2, 2012: Braxton Technologies, LLC and High Valley Group, Inc. (HVGI) are pleased to announce that HVGI, through its affiliate company High Valley Technology, Inc., has purchased a minority interest in Braxton Technologies. David Francis, President of HVGI, stated “we are pleased to have purchased a minority interest in one of the fastest growing technology companies in this city. Not only does Braxton appear to be very sound on the business front, but they are also very civically minded. Braxton’s vision for acquiring Department of Defense companies and bringing their headquarters to Colorado Springs aligns well with HVGI’s interest in promoting economic development for the city.”
Braxton Technologies moved into their new space at 6 N. Tejon in January of 2012 and is already looking to expand into another building in the downtown corridor. Frank Backes, CEO of Braxton Technologies, noted that “we are pleased to have such a prominent community partner as High Valley Group as one of Braxton’s investors. We share a common vision of community support and consistent financial execution.” Kevin O’Neil, CEO of The O’Neil Group Company (OGC), Braxton’s managing company, also noted that “having High Valley Group as a long term partner lays the foundation for future growth for both companies. We believe this will prove to be a very rewarding relationship for both HVGI and The O’Neil Group.”
About Braxton Technologies, LLC
Braxton Technologies, LLC, headquartered in downtown Colorado Springs, is strategically focused on command and control mission systems sustainment, targeted corporate acquisitions, and product research and development for their Ace Premier™ product line of configurable applications, tools, simulators, and cross domain solutions. For more information on Braxton Technologies, LLC, visit us at www.braxtontech.com.