TS-Associates plc acquired the assets of Correlix, Inc. from Sequoia Capital Israel, Genesis Partners Ltd., Vernon & Park Capital, L.P., Blumberg Capital, Xenia Venture Capital Ltd (TASE:XENA) and other investors on July 25, 2012. Shawn Melamed will act as a consultant to facilitate the transition of existing Correlix customers over to TS-Associates. Correlix product will be added to TS-Associates's Precision Instrumentation brand, alongside TipOff and Application tap. Marlin & Associates acted as financial advisor for Correlix. TS-Associates plc completed the acquisition of the assets of Correlix, Inc. from Sequoia Capital Israel, Vernon & Park Capital, L.P., Blumberg Capital and Xenia Venture Capital Ltd (TASE:XENA) and other investors on July 25, 2012.