{"id":38597,"date":"2009-11-09T10:51:03","date_gmt":"2009-11-09T15:51:03","guid":{"rendered":"http:\/\/www.pehub.com\/?p=55086"},"modified":"2009-11-09T10:51:03","modified_gmt":"2009-11-09T15:51:03","slug":"datatel-to-switch-private-equity-sponsors","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/38597","title":{"rendered":"Datatel To Switch Private Equity Sponsors"},"content":{"rendered":"

Hellman & Friedman<\/strong> and JMI Equity<\/strong> have agreed to acquire\u00a0Datatel Inc., a Fairfax, Va.-based provider of enterprise information management solutions for higher education institutions.\u00a0No financial terms were disclosed.\u00a0Sellers include\u00a0Thoma Bravo, Trident Capital, HarbourVest Partners and JP Morgan Asset Management — which sponsored a management buyout of Datatel in early 2005.<\/p>\n

PRESS RELEASE<\/span><\/strong><\/p>\n

Datatel, the industry\u2019s 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.<\/p>\n

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.<\/p>\n

Following the higher education market\u2019s strong positive reaction to Datatel\u2019s new solutions in the areas of teaching and learning, recruiting, and mobility, Datatel President and CEO John Speer said, \u201cDatatel\u2019s new solutions, strong professional services, and exceptional client relationships coupled with our consistent performance are what attracted Hellman & Friedman to Datatel.\u201d Mr. Speer went on to say, \u201cDatatel will continue to be led by our current executive and management teams and remains focused on delivering strong, compelling solutions for higher education.\u201d<\/p>\n

\u201cWe are delighted to be part of a company that has out-performed the market,\u201d said David Tunnell, Managing Director of Hellman & Friedman. Anupam Mishra, Director of Hellman & Friedman added, \u201cWe see our partnership as an opportunity to support Datatel\u2019s continued success in helping colleges and universities meet their institutional goals.\u201d<\/p>\n

\u201cOur partnership with Datatel has been an exceptional experience,\u201d said Orlando Bravo, a Managing Partner of Thoma Bravo. \u201cTogether we have substantially increased the value of the company while expanding the solutions and services available to Datatel clients.\u201d<\/p>\n

About Datatel, Inc.<\/p>\n

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<\/a>.<\/p>\n

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Hellman & Friedman and JMI Equity have agreed to acquire\u00a0Datatel Inc., a Fairfax, Va.-based provider of enterprise information management solutions for higher education institutions.\u00a0No financial terms were disclosed.\u00a0Sellers include\u00a0Thoma Bravo, Trident Capital, HarbourVest Partners and JP Morgan Asset Management — which sponsored a management buyout of Datatel in early 2005. PRESS RELEASE Datatel, the industry\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38597","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=38597"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/38597\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=38597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=38597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=38597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}