Press Release: R&D Altanova Announces Promotion of Seyed Paransun to CEO

/in /by

R&D ALTANOVA ANNOUNCES PROMOTION OF SEYED PARANSUN TO CEO

SOUTH PLAINFIELD, N.J. – March 7, 2017

Seyed Paransun, President of R&D Altanova

Seyed Paransun, CEO & President of R&D Altanova

R&D Altanova, Inc. (www.rdaltanova.com), the leading provider of full turn-key test interface solutions, announced that its Board of Directors has unanimously appointed Seyed Paransun as Chief Executive Officer. Seyed will assume the role of CEO immediately and continue to serve as the Company’s President. James Russell will assume the role of Executive Chairman of the Board providing ongoing executive and technical guidance and Board-level leadership.

“Seyed joined R&D in 2016 and in a short period of time has proven to be a visionary leader with superb execution abilities. We are confident Seyed’s technology background and business experience is well suited to lead the next phase of the company’s growth and success”, said David Belluck, a board member of R&D Altanova and a General Partner at Riverside Partners.

Seyed has an extensive background in the semiconductor and electronics industry. He is best known for his ability to lead change and transform businesses for increased productivity and profitability. Prior to Joining R&D Altanova, Seyed served as Vice President of worldwide back-end operations and operations excellence at Atmel Corporation with responsibilities for both US and Asia facilities. Seyed has also held various executive positions including Vice President and General Manager at NXP as well as Senior Vice President of Test Services at Amkor Technology.

“I am honored to have been chosen by the board to lead R&D Altanova,” Seyed said. “I firmly believe that we can rely on our innovative and customer centric mindset to push boundaries and surpass our goals. We will continue to focus our investments in our employees and in the development of industry leading technology to ensure we can support our customers’ most ambitious technology road maps. I look forward to working with our executive team and our employees in serving our customers and driving growth for our company.”

In his role as Executive Chairman, Mr. Russell remains an employee of the company and will help with its technical strategy and direction. “I am very proud of what we have accomplished during my time as CEO and look forward to being part of the company’s continued success,” added Mr. Russell. “I want to congratulate Seyed on his promotion. I have the utmost confidence that Seyed and the rest of the management team will continue to drive technical and business expansion, ensuring the future success of R&D Altanova.”

About R&D Altanova, Inc.

Celebrating over forty years of excellence in leading-edge, technology driven, quick-turn PWB manufacturing, R&D Altanova specializes in advanced automated test environment interface boards for the semi-conductor test market. Solutions include the simulation, design, layout, fabrication, and component & mechanical assembly of test interface boards.

With offices in New Jersey, California, Pennsylvania, Arizona, Costa Rica, Southeast Asia, Shanghai and Taiwan, R&D Altanova is the leading provider of full turn-key test interface solutions to many of the world’s largest integrated device manufacturers, fabless semiconductor companies and semiconductor foundries. Learn more at www.rdaltanova.com

Press Release: R&D Altanova Announces New President Seyed Paransun

/in /by

R&D ALTANOVA ANNOUNCES NEW PRESIDENT SEYED PARANSUN

SOUTH PLAINFIELD, N.J. – September 8, 2016

R&D Altanova, Inc. (www.rdaltanova.com), the leading provider of full turn-key test interface solutions, announced this week that it has appointed Seyed Paransun as President, responsible for worldwide operations as well as overall company P&L. Seyed will also join the R&D Altanova Board as a director.

Seyed has an extensive background in the semiconductor and electronics industry. He is best known for his ability to lead change and transform businesses for increased productivity and profitability. Most recently, Seyed served as Vice President of worldwide back end operations and operations excellence at Atmel Corporation with responsibilities for US and Asia facilities. Prior to Atmel, Seyed was the Vice President and General Manager at NXP, managing the sensors and actuators division with full responsibility for product development, marketing, R&D and divisional P&L. In addition, as Senior Vice President of Test Services at Amkor Technology, Seyed managed Amkor’s test business responsible for sales, marketing, supplier management, and aggregate P&L for all six test factories as well as technology development centers in the U.S. and Asia.

“Seyed comes to the company with over 30 years of semiconductor experience and a successful track record in test and international operations, said James Russell, CEO of R&D Altanova. “I am confident in Seyed’s ability to help lead R&D Altanova into our next phase of growth internationally.”

“I’m honored to join R&D Altanova and have the opportunity to leverage RDA’s decades of technology innovation and expand our differentiated value propositions to the broader market place,” added Seyed. “I look forward to working alongside R&D Altanova’s leaders, talented employees, and loyal partners to push the boundaries, build on our core business, drive profitable growth and embrace operational excellence. Together we will continue to collaborate with our customers and develop new solutions addressing the challenges of finer geometries and higher speeds while supporting aggressive time to market timelines.”

About R&D Altanova, Inc.

Celebrating over forty years of excellence in leading-edge, technology driven, quick-turn PWB manufacturing, R&D Altanova specializes in advanced automated test environment interface boards for the semi-conductor test market. Solutions include the simulation, design, layout, fabrication, and component & mechanical assembly of test interface boards.

With offices in New Jersey, California, Pennsylvania, Arizona, Costa Rica, Southeast Asia, and Taiwan, R&D Altanova is the leading provider of full turn-key test interface solutions to many of the world’s largest integrated device manufacturers, fabless semiconductor companies and semiconductor foundries. Learn more at www.rdaltanova.com

Press Release: Equity Investment by Riverside Partners

/in /by

R&D ALTANOVA ANNOUNCES EQUITY INVESTMENT BY RIVERSIDE PARTNERS

South Plainfield, NJ and Boston, MA – March 31, 2015

R&D Altanova, Inc., the leading provider of full turn-key test interface solutions, announced today that it has closed on an equity investment by Riverside Partners, a middle-market private equity firm specializing in healthcare and technology industries.

James Russell, CEO of R&D Altanova said, “We were looking for a partner to assist us with our global growth plans and provide the financial means to allow us to expand our operations. This partnership will enable us to execute on those plans to continue to build the best in class global infrastructure and maintain our continued focus on innovation in the A.T.E. marketplace.”

“R&D Altanova is the leader in meeting the complex, and mission-critical semiconductor testing needs of the worlds most demanding customers,” said David Belluck, a General Partner at Riverside Partners who will join the company’s Board of Directors. “We are pleased to complete this investment and to partner with the Company’s talented and experienced management team on the next phase of the Company’s growth.”

“The product demands of our technology customers requires us to continually reinvest in equipment and global infrastructure to develop the test interface solutions they will need in the future”, said Ken Pawloski, CFO of R&D Altanova. “We’re excited about this next phase of our growth strategy”.

 

About R&D Altanova, Inc.

Founded in 1969 as R&D Circuits, the Company is the leading provider of full turn-key test interface solutions and specializing in Advanced Technology Printed Circuit Board Signal Integrity and Power Integrity Engineering, Design, Fabrication, and Assembly and Manufacturing Services. A family-owned and operated business for over forty years, R&D Circuits acquired Altanova in the fall of 2013 and changed the name to R&D Altanova. The company has grown to four locations, with home base and interface board manufacturing in South Plainfield, NJ and assembly and elastomer operations in Allentown, PA; signal integrity and engineering and design engineering and sales services in San Jose, CA and a regional repair and engineering and sales office in Hsinchu, Taiwan. www.rdaltanova.com

 

About Riverside Partners

Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies primarily in the healthcare and technology industries. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Today, Riverside Partners manages $1 billion of equity capital and seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.