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Hellman & Friedman to acquire Datatel from Thoma Bravo and co-investors

Press Release: Ellucian [November 9, 2009]

Copyright (c) 2009 Ellucian

Abstract: Datatel, the industry’s most experienced provider of higher education software, services and insight, announced that they reached a definitive agreement to be acquired by Hellman & Friedman LLC. Hellman & Friedman and its affiliates, co-investor JMI Equity, and Datatel management and employees will purchase the company from current investors Thoma Bravo and its co-investors in the transaction including Trident Capital, HarbourVest Partners and JP Morgan Asset Management. Hellman & Friedman is a leading private equity firm with a focus on investing in superior business franchises. (The deal was valued at $570 million.)


FAIRFAX, Va. (BUSINESS WIRE), November 09, 2009 - Datatel, the industry's most experienced provider of higher education software, services and insight, announced today that they reached a definitive agreement to be acquired by Hellman & Friedman LLC. Hellman & Friedman and its affiliates, co-investor JMI Equity, and Datatel management and employees will purchase the company from current investors Thoma Bravo and its co-investors in the transaction including Trident Capital, HarbourVest Partners and JP Morgan Asset Management. Hellman & Friedman is a leading private equity firm with a focus on investing in superior business franchises.

Following the higher education market's strong positive reaction to Datatel's new solutions in the areas of teaching and learning, recruiting, and mobility, Datatel President and CEO John Speer said, "Datatel's new solutions, strong professional services, and exceptional client relationships coupled with our consistent performance are what attracted Hellman & Friedman to Datatel."

Mr. Speer went on to say, "Datatel will continue to be led by our current executive and management teams and remains focused on delivering strong, compelling solutions for higher education."

"We are delighted to be part of a company that has out-performed the market," said David Tunnell, Managing Director of Hellman & Friedman.

Anupam Mishra, Director of Hellman & Friedman added, "We see our partnership as an opportunity to support Datatel's continued success in helping colleges and universities meet their institutional goals."

"Our partnership with Datatel has been an exceptional experience," said Orlando Bravo, a Managing Partner of Thoma Bravo. "Together we have substantially increased the value of the company while expanding the solutions and services available to Datatel clients."

About Datatel, Inc.

Datatel is the most experienced provider of technology products, services, and insight to higher education. Colleges, universities, and technical schools across North America partner with Datatel to build Strategic Academic Enterprises dedicated to achieving student success. The company has focused exclusively on higher education since 1979, and its technology is used by nearly 800 institutions serving more than five million students. For more information, visit www.datatel.com.

About Hellman & Friedman

Hellman & Friedman LLC is a leading private equity investment firm with offices in San Francisco, New York and London. Since its founding in 1984, Hellman & Friedman has raised over $25 billion of committed capital. The Firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including business services, software and information services, internet/digital media, asset management, insurance, other specialty financial services, media, healthcare, energy and industrials. Representative investments in the software sector include Activant Solutions, Inc., Blackbaud, Inc., Intergraph Corporation, Iris Software Group Limited, Kronos Incorporated, SSP Holdings plc, and Vertafore Corporation. For more information on Hellman & Friedman, visit www.hf.com.

About Thoma Bravo, LLC

Thoma Bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for more than 28 years. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo applies its investment strategy across multiple industries with a particular focus on the software and services sectors. In the software industry, Thoma Bravo has completed 40 acquisitions across 13 platform companies with total annual earnings in excess of $600 million. For more information on Thoma Bravo, visit http://www.thomabravo.com/.

About Trident Capital

Trident Capital is a leading venture capital and private equity firm with more than $1.5 billion of capital under management across six funds, including over $400 million raised in its most recent fund, Trident Capital Fund VI. The firm focuses on investments in the Enterprise Services and Software, Internet and CleanTech sectors. Within its sector focus, Trident invests across multiple stages, including venture capital, growth equity and leveraged buyouts. Current and past software investments include Xata, Inc., a provider of on-demand mobile information solutions to the commercial trucking industry; Qualys, Inc., a provider of on-demand security solutions for computer network vulnerability assessment; PivotLink Software, a provider of on-demand business intelligence solutions for small and medium business; Host Analytics, a provider of on-demand corporate performance management solutions; Invention Machine Corporation, a provider of innovation management software and content; Epicor Software, a provider of ERP software and services; and numerous other software companies including IT security software companies such as Voltage Security, Thor Technologies (acquired by Oracle) and Sygate Technologies (acquired by Symantec). Trident Capital has made over 150 investments since its inception in 1993. The firm has investment offices in Palo Alto, CA and Westport, CT. For more information please visit www.tridentcap.com.

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Publication Year:2009
Type of Material:Press Release
Language English
Issue:November 9, 2009
Publisher:Ellucian
Company: Ellucian
Subject: Mergers and acquisitions
Record Number:16838
Last Update:2012-12-29 14:06:47
Date Created:2012-05-22 14:16:56