Serving Education and Training Markets Since 2006


Datatel Sets Rate on $1.195 Billion of Acquisition Loans

Datatel Inc., the software company owned by Hellman & Friedman LLC, set the interest rate on $1.195 billion of loans it’s seeking to finance its acquisition of SunGard Higher Education, according to a person with knowledge of the transaction. A $1.07 billion term loan B due in 2018, will pay 5 percentage points more than the London interbank offered rate, said the person, who declined to be identified because the terms are private. Libor, a rate banks charge to lend to each other, will have a 1.25 percent floor.

Datatel and SunGard Higher Education Combination Clears Regulatory Review

Hellman & Friedman, Datatel, SunGard Data Systems and SunGard Higher Education today announced that the proposed combination of Datatel and SunGard Higher Education has cleared Department of Justice review and the companies are preparing to close the transaction in the first quarter of 2012. As a result of this combination, over 3,000 employees will be dedicated exclusively to delivering solutions to education institutions in 40 countries.

Higher Education ERP Vendor Update

Changing an ERP to SaaS is a large investment in time and cost for any vendor to address. Therefore the challenge for the vendors is how to get the ERP, with its slow development and implementation cycles, to provide the solutions to the new needs of the institution.

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