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News Article

SSE reaches the Summit with equity investment


Summit Partners has completed a significant investment in Solid State Equipment (SSE), a manufacturer of single wafer wet processing equipment for the semiconductor industry. 

SSE will continue to focus on several high-growth segments of semiconductor manufacturing, including advanced packaging processes, mobile communications and mobile computing products, and LED devices. The investment was made in July, 2011.

Founded in 1965, SSE designs and manufactures capital equipment for leading semiconductor companies.  The company provides outstanding products and services for the integrated circuit industry that can be configured to a specific customer’s needs, while leveraging standard platforms and proprietary technology to drive efficiencies.  SSE provides sales and technical support through its global network of direct and independent representatives.

Herman Itzkowitz, Solid State Equipment’s President and CTO, said, “Summit Partners' investment is a vote of confidence in our business model and our leadership position in the industry. Summit Partners has provided us with the growth capital necessary to continue our track record of success in important growth segments of the semiconductor industry.”  Added Rich Richardson, Solid State Equipment’s Chairman, “Summit Partners’ industry experience will be an invaluable resource as we enter our next stage of growth."

John Carroll, a Managing Director at Summit Partners who will join the Solid State Equipment Board of Directors, said, “Under the leadership of Rich and Herman, Solid State Equipment has established an exceptional track record through its proprietary technology and exceptional engineering capabilities. We are pleased to partner with Rich, Herman, and the entire management team to support the company’s continued growth."

“Solid State Equipment has maintained impressive growth and consistent profitability for nearly two decades,” added Peter Rottier, a Vice President with Summit Partners who is also joining the board.  “We are delighted to be an investor in the business and to work with the management team.” 
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