SunGard HE and Datatel: ‘An arranged marriage’ — from campustechnology.com
Excerpt:
Two of the biggest players in the education space have gone all in with their chips in a game not of their making. SunGard Higher Education, which became one of the largest companies in the segment, is being acquired from SunGard Data Systems in a $1.775 billion dollar deal by the same private equity firm that owns Datatel, another major education behemoth. According to a statement, the two companies will operate as a single entity under Hellman & Friedman, which bought Datatel in 2009. The combined business will acquire a new name and will continue to focus on serving educational institutions.