Hellman & Friedman Acquires Datatel
Published On December 15, 2009 |
Hellman & Friedman LLC, a private equity investment firm with offices in San Francisco, New York and London, have completed the acquistion of Datatel, a Fairfax, Virginia-based provider of higher education software, services, and insight.
The acquisition, from Thoma Bravo and its co-investors, including Trident Capital, HarbourVest Partners and JP Morgan Asset Management, was announced on November 9, 2009.
Commenting on the transaction, John Speer, Datatel President and CEO, was reported as saying: “This marks another milestone in the growth of our company.
“The business community once again has confirmed Datatel as a high-quality asset that has grown stronger over its 40-year history. Hellman & Friedman recognizes our ability to continue to provide innovative solutions for our higher education clients, making them more competitive and improving service to their diverse constituents”.
Anupam Mishra, Director of Hellman & Friedman added that “Hellman & Friedman has been observing the consistent growth of Datatel for a number of years, and we have been extremely impressed with its stability, technology, and excellent reputation for client service.
“We look forward to working closely with management to continue to grow this world-class software franchise”.