Datatel Attracts New Financial Sponsor

* Reuters is not responsible for the content in this press release.

Mon Nov 9, 2009 8:30am EST

Hellman & Friedman to acquire Datatel from Thoma Bravo and co-investors
FAIRFAX, Va.--(Business Wire)--
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/. 

©2009 Datatel, Inc. All rights reserved. Datatel is a registered trademark of
Datatel, Inc. All other names, products, and services mentioned are the
trademarks or registered trademarks of their respective companies.

For Datatel:
Peter Abzug
Director, Marketing Communications
pda@datatel.com
703-259-2831
or
For Hellman & Friedman:
Abernathy MacGregor Group (New York)
Steven Bruce/Pen Pendleton/Monica Everett
212-371-5999
or
For Thoma Bravo:
Amber Roberts
Lane PR (for Thoma Bravo)
917-639-4114
Amber@lanepr.com



Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.