First Sungard goes private and now Blackboard

Companies that do IT Support for Higher Ed or make software used almost exclusively in Higher Ed are starting to see a lot of privatization efforts recently. I wonder what this means for the folks running the support desks, the Data Centers, etc.

Advertisements

The buyers include Bain Capital, the Blackstone Group, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners and Texas Pacific Group. The group is led by Silver Lake Partners. The deal is a leveraged buyout – Sungard will be taken private and its shares removed from Wall Street.

via Sungard goes private • The RegisterPosted in CIO29th March 2005 10:37 GMT

RTTNews – Private equity firm Providence Equity Partners, Inc. agreed Friday to take educational software and systems provider Blackboard, Inc. (BBBB: News ) private for $45 per share in an all-cash deal of $1.64 billion.

It would appear now that Providence Equity Partners owns two giants in the Higher Ed outsourcing industry Sungard and Blackboard. What does this mean? Will there be consolidation where there is overlap between the two companies? Will there be attempts to steal customers or upsell each other’s products?

Author: carpetbomberz

Technology news & commentary all-in-one!