With the intellect and passion of our team the sky is the limit to what we can deliver. Enterprise software company hyland has been boosting its health care focus. Dedicated to transparency at every level, hyland participates in an annual, independent. Hyland is perhaps the most important company in cleveland that many havent heard about. If its bid is successful, thoma bravo plans to combine the software business with one of its portfolio companies, hyland software inc. Wintergreen research announces that it has a new study on digital asset content management markets. We are innovators, collaborative leaders, creative visionaries and team players. Cleveland clinicoscar health partnership shows success in concierge. Hyland software child enrichment center is a licensed child care center in westlake oh, with a maximum capacity of 116 children. Hyland software touches all the bases in enterprise content management ecm with its onbase software. Thoma bravo is a private equity firm that also owns a part of hyland. Find 3 listings related to hyland software in cleveland on. Private equity firm thoma cressey bravo, which has offices in chicago and san francisco, has agreed to acquire 58% of the westlakebased. While thoma bravo will consider a variety of transaction situations, including takeprivates, buyouts, carveouts, recapitalizations, and growth equity financings, the firm has a special interest in consolidation opportunities.
Hyland softwares management team remained in place during this acquisition. Northeast ohio has also seen a number of exits over this same time frame, including. May 03, 2017 thoma bravo has agreed to acquire lexmark internationals enterprise software business, which includes kofax, readsoft and perceptive software. Kofax, perceptive and hyland reshuffle the deck in search of. Oct 30, 2012 hyland software, headquartered in westlake, ohio has plans to continue adding jobs and a third building to its corporate campus. For those customers planning to maintain and expand their current perceptive content solutions, hyland will support your solutions with new releases and a. Financing for the transaction is being provided by. We continue to serve those customers today, just as well continue to support you going forward. It was the largest acquisition hyland software inc. Successful thoma bravo and hyland software partnership. Buyout firms like thoma bravo seek to buy and build up companies to sell for a profit, said thomas waltermire, the former chief executive officer. Hyland software plans to pay distribution to thoma bravo. Lexmark software unit said to attract thoma bravo, vista. Thoma bravo credit funds focus on making debt investments in software and technology companies.
Not only are startup bioscience and health it companies raising record amounts of private capital and exiting at an increasing pace. Were a global family more than 3,000 strong inspired to have an impact on how our customers work. Thoma bravos seth boro has found a way to keep on profiting from the tech bubble. Kofax, part of lexmark enterprise software, will be a separate company owned by thoma bravo once the sale closes, most likely in q3 2017. Hyland software s acquisition by thoma cressey bravo in 2007, memberhealths acquisition by universal american. Management retained their share of the company, amounting to roughly 20%, with the remaining shares being owned by employees and other friends and family members. We are a best company to work for and a great company to work with. San franciscobusiness wire thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software, inc. San franciscobusiness wirethoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software, inc. Rumor has it thoma bravo is looking to buy the lexmark software division. Thoma cressey bravo acquires majority stake in hyland. Over the past decade, hyland has acquired several software products and customer bases. In 1998, gtcr split into two firms, one of which was thoma cressey equity.
Thoma bravo said to us, we arent turn around specialists. Hyland software mergers and acquisitions summary mergr. Systems are poised for significant growth as the entertainment and media industry adopts digital med. Hyland software expanding westlake hq, hiring 330 new. Jul 16, 2007 thoma cressey bravo has agreed to acquire hyland software inc. Tcb has been providing equity and strategic support to experienced management teams building growing companies for more than 25 years. Applications of the suite are used in healthcare, financial institutions, insurance, government, higher education and manufacturing. Im so very fortunate to lead a great group to deliver the best content services platform in our industry. Hyland software deal could drum up more investments. We have just sent you an email so you can verify your account. Thoma cressey bravos financial backing will allow hyland software to pursue. There is precedent for thinking that thoma cressey bravo s purchase of a 58% interest in hyland software, the developer of onbase document management software, will trigger more interest in local tech companies, according to baiju shah, president of bioenterprise corp.
Over the last 20 years i have been in the ecm industry working for various types of organizations and continue to embrace the value of partners in the read more. Feb 17, 2016 revenue, according to data compiled by bloomberg. Big men on content opinions and discussion on content. This child care center helps with children in the age range of infant, toddler, preschooler. Hyland software has acquired in 12 different us states. Thoma cressey bravo has agreed to acquire hyland software inc. A growing number of healthcare it and services companies, including hyland software. Thoma cressey bravo tcb is one of the most experienced private equity firms in the united states.
The companys most targeted sectors include software 47% and information technology 39%. Thoma bravo has agreed to acquire lexmark internationals enterprise software business, which includes kofax, readsoft and perceptive software. Private equity has become selfcentred private equity. It company eliminates auditinduced headaches with securityfocused collaboration the challenge hyland software is a leading developer of enterprise content management solutions with more than 15,000 customers worldwide. Thoma bravo shuts down imprivata process as covid19 fears fuel market. Information about these funds is available at this site for limited partner investors in the funds who have been issued usernames and passwords. Welcome perceptive content customers acquisition hyland. Hyland software fielded calls from investors almost every day, but thoma pronounced towmah cressey bravo stood out partly because the private equity firm wanted to build on what the company already has accomplished, said chris hyland, chief financial officer of the producer of onbase document management software. But, then again, when the majority of hylands stock was acquired by the investment firm thoma, cressey, bravo, the clevelandarea based isv announced an aquisition strategy of acquiring market share. Acquires talent acquisition software provider avesta systems, inc. Hyland software child enrichment center westlake oh. Hyland bought by private equity firm computer business. In september, it bought valco data systems, which provides information management services to hospitals.
Thoma bravo acquires hyland software on 20070731 for an undisclosed. Unlike other private equity firms, thoma bravo keeps its administrative team. Hyland software canada ulc company profile toronto, on. Thoma cressey bravo, in partnership with encompass management. Chris hyland, cfo of clevelandbased hyland software inc. Thoma cressey bravo leads recapitalization of encompass home. Here are the three big highlights from lexmarks sale of its software business to thoma bravo, a private equity firm.
Thoma bravo acquires hyland software 20070731 crunchbase. San francisco business wire thoma cressey bravo, a leading private equity investment firm with more than 27 years of experience, has acquired a majority stake in hyland software, inc. Private equity firm thoma cressey bravo, which has offices in chicago and san francisco, has agreed to acquire 58% of hyland, said chris hyland, chief financial officer for the westlakebased developer of onbase document management software. This estimate is based upon 21 hyland project manager salary reports provided by employees or estimated based upon statistical methods. Hylands gamechanging deal smart business dealmakers. John phelan evp, chief product officer hyland linkedin. He served as ceo and president until 2001, when he was succeeded by his brother, a.
Thoma cressey bravo acquires majority stake in hyland software, inc. Private equity firm thoma cressey bravo has announced that it is buying hyland software, a clevelandbased content management software provider. Salaries posted anonymously by hyland employees in westlake. Please check your spam or junk folder just in case its been delivered there.
There is precedent for thinking that thoma cressey bravos purchase of a 58% interest in hyland software, the developer of onbase document management software, will trigger more interest in local tech companies, according to baiju shah, president of bioenterprise corp. Thoma cressey bravo tcb is the manager of the thoma cressey bravo private equity funds funds vi, vii, viii. Thoma cressey bravo, a leading private equity investment firm with more than. In its latest installment of a monthslong campaign, the industry is highlighting thoma bravo, which invested in a clevelandbased software company called. The software, which is increasingly cloudbased, is designed to help organizations streamline their processes and share information among employees, partners, and customers. Feb 06, 2017 business hyland software expanding westlake hq, hiring 330 new employees the majority of the new hires will be located at the westlake campus, a company spokesperson says. Theyve got a lot of coverage in cleveland, everybody loves them, they. Hyland, who retired in 20 and was succeed after by bill priemer, formerly the firms chief operating officer. Thoma bravo to acquire lexmarks enterprise software business. Wire thoma cressey bravo acquires majority stake in hyland software, inc.
Thoma bravo buys lexmarks software business, sells. He joined thoma cressey five years ago, and stayed with thoma bravo after. Hyland said the new majority owner has been very supportive. Private equity firm thoma cressey bravo has announced that it is buying hyland software, a cleveland based content management software provider. Thoma cressey bravo, a private equity firm with offices in chicago and san francisco, purchased 58 percent of hyland software in july. Because hyland will soon have a new product portfolio from lexmark to absorb. Thoma cressey bravo manages three private equity funds with investments in such sectors as business services, software, health care, education, and financial. Hyland s professional profile on relationship science, the database of decision makers. Apr 04, 2020 i got my start in software with a leading enterprise content management ecm software vendor and i learned the value of a solid partner network early on. In october 2019, forbes estimated the value of the firm. Thoma bravo is a private equity firm that primarily invests in or acquires usbased middlemarket businesses. Headquartered in cleveland, ohio, hyland markets onbase. In the report it says that thoma bravo would be looking to merge the acquisition into hyland.