German Private Equity Firm Assumes Control
Posted: February 4, 2008
Digital Radiography Pioneer Paul Suni Leaves SUNI as German Private Equity Firm Assumes Control
Silicon Valley, California – January 2, 2008. Suni Medical Imaging, Inc. (SUNI), a
leading global manufacturer of intraoral digital radiography equipment
announced today that German private equity firm Forstgarten Holdings has
acquired majority stake in the company from SUNI Founder, former CEO and
Chief Technology Officer Paul Suni and that Mr. Suni has resigned from the SUNI
Board of Directors effective December 31st, 2007. It was also announced that Mr.
Suni has donated the remaining 6,000,000 of his SUNI shares to a charitable
foundation that provides financial support to students of dentistry in American
colleges and universities.
“ I leave SUNI with a sense of gratitude towards the SUNI team and all those
individuals who helped make it a success including thousands of dentists around
the world who are using products that bear the SUNI name. “, said Paul Suni “, the
company is equipped with a competent management team and solid financial
backing suitable for its present stage of evolution.”
According to Mr. Holger Essig, Suni Medical Imaging Chairman of the Board, Mr.
Suni’s departure from the company comes at a time when new product designs
have been handed off to manufacturing and the company is preparing to release
new digital radiography products to the market in 2008. Said Mr. Essig, “Paul was
the first to propel intraoral digital radiography sensor technology into commercial
reality with his sensor technology innovations in the 1990’s. Thanks to his
entrepreneurship digital radiography is in the main stream today. His
contributions as “Father of Intra-oral Digital Radiography” are greatly
appreciated. The Board accepts his desire to move on to other areas that he is
passionate about. ”
He continued, “Suni Medical Imaging is now a mature company and it is ideally
positioned in the global dental market with a high value, cost effective digital
radiography product offering and a technical services infrastructure that
emphasizes education and training. As an investor, Forstgarten Holdings sees
SUNI as a strategic investment in a growing global market for digital radiography.
We are in this for the long haul."
Regarding his future plans Paul Suni said that he will continue to stay involved
with the dental profession as a consultant, speaker, seminar leader and mentor to
individuals and teams: “ Dentists are problem solvers and so many dentists are
quintessential inventors. But, it is an enormously challenging undertaking to
transform an idea from invention into profitable reality. I have been fortunate to
have the opportunity to apply myself for 23 years as physicist, engineer, inventor
and entrepreneur to turn my ideas into profitable realities. It is time for me to
help other people succeed with their own ideas and desires to make meaningful
contributions to the world. That is what I plan to do as soon as I get a couple of
other projects under way.”
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