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Sole Source Capital to Merge Peak-Ryzex and Optical Phusion

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SANTA MONICA, Calif., April 16, 2021 — Industrial-focused private equity firm Sole Source Capital acquired Peak-Ryzex from Keystone Capital and Optical Phusion from its founders. The two companies — providers of automatic identification, data capture, and factory automation solutions — will be merged and led by Peak-Ryzex CEO Juliann Larimer, CFO Michele Adams, and Optical Phusion President Tony Rivers. Terms of the transaction were not disclosed.

Peak-Ryzex’s machine vision integration solution supports factory and industrial applications including pallet scanning, printing and labeling, automated pick-and-pack sorting, categorization, and tracking. Detection and safety and inspection solutions from Optical Phusion, including sensors (hardware) and software lines, support additional machine vision and machine learning applications.

Additionally, Peak-Ryzex is a reseller of barcoding, data collection, and factory automation equipment. Optical Phusion software solutions serve the grocery, pharmacy, and retail end markets.
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Published: April 2021
Glossary
machine vision
Machine vision, also known as computer vision or computer sight, refers to the technology that enables machines, typically computers, to interpret and understand visual information from the world, much like the human visual system. It involves the development and application of algorithms and systems that allow machines to acquire, process, analyze, and make decisions based on visual data. Key aspects of machine vision include: Image acquisition: Machine vision systems use various...
bin picking
Bin picking, also known as bin picking automation or bin picking robotics, refers to the automated process of selecting and retrieving individual objects or components from a bin, container, or bulk storage system using robotic systems equipped with sensors, cameras, and manipulation capabilities. Bin picking is a challenging task in automation and robotics due to the variability in object shapes, sizes, orientations, and positions within the bin. Object recognition and localization: Bin...
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