Hellman & Friedman, Datatel+SGHE, and SunGard Data Systems today announced that the transactions to combine the businesses of Datatel and SunGard Higher Education have closed. As a result, more than 3,000 employees will be dedicated exclusively to delivering solutions to education institutions in 40 countries.
The newly formed company will have a new name, which will be launched in the first half of 2012. Until that time, it will be referred to as Datatel+SGHE.
As previously announced, John Speer, former president and chief executive officer of Datatel, will serve as the new company’s president and chief executive officer. Ron Lang, former chief executive officer of SunGard Higher Education, will serve as vice chairman of the board of directors. Drawing talent from both companies, a management team with decades of higher education experience will lead the company.
Datatel+SGHE plans to continue to invest in the current solutions of both companies including Banner, Colleague, and PowerCampus administrative systems as well as Advance. In a FAQ accompanying today's announcement, the company makes a commitment to collaborate and innovate with customers and also "... make decisions that are right for the customer and for the business."
As I posted back in August 2011, I expect the combined technology portfolio to be evaluated and rationalized and eventually customers may see an upgrade path for different software solutions.
Access additional information about today's announcement below: