Marlin Equity Acquires Propelics

Los Angeles-based private equity investor Marlin Equity has acquired San Jose-based Propelics, a developer of mobile apps for enterprise customers, Marlin Equity said on Thursday. Marlin acquire Propelics via portfolio company Anexinet Corporation, which is based in Philadelphia. Financial details of the buy were not announced. Marlin Equity said it merged Propelics with Anexinet to accelerate Anexinet's modernization and digital business strategy. More information »