SirsiDynix Acquired by Private Equity Firm; Service To Remain Same, but Will Costs Rise?
From the article:

SirsiDynix, the leading automation vendor used by public, academic, and school libraries, announced today that it will be acquired by Vista Equity Partners, a $1 billion private equity firm that focuses on investing in software and technology businesses. This marks the first time that the San Francisco–based Vista has invested in the library market, according to Lebron Miles, spokesman for SirsiDynix. Terms of the agreement were not released.

Source: Library Journal

From the: Official News Release (PDF)

Vista Founder and Managing Principal Robert F. Smith said: “We are long-term investors in technology companies that are committed to market leadership. We are tremendously excited about working with SirsiDynix because it is clearly the market leader with a suite of mission-critical software solutions. We look forward to working with the management team to deliver to libraries the solutions they need to fully pursue the opportunities that are available to them.”

The deal is expected to become final in mid-January following a regulatory review. Terms of the agreement were not released.

Source: SIRSI/Dynix

See Also: Ex Libris and Francisco Partners Complete Acquisition of Endeavor Information Systems

This entry was posted on Thursday, December 28th, 2006 and is filed under Cataloging and Metadata, Information Industry. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.