Important Announcement from Datatel
I am writing to share some exciting news. This morning, Datatel, Inc. and SunGard Higher Education announced that the companies have entered into definitive agreements to combine businesses and form one company. I am confident that this combination will deliver great benefit to Datatel customers and to the education community world-wide. Together, over 3,000 employees will be dedicated to delivering solutions to meet our mutual clients’ future needs.
Focused exclusively on education, the combined company plans to support the solutions of both companies going forward and to continue to invest significantly to enhance those solutions. As a result of this combination, Datatel customers will enjoy powerful new capabilities from the combined portfolios of products and services offered by Datatel and SunGard Higher Education. In addition, customers will benefit from accelerated research and development through pooled investments on the part of the combined company targeting specific technologies and services to address the evolving challenges institutions face. The combined company will also provide partners and customers with access to the collaboration, creativity and knowledge-sharing of an expanded, global user community.
I will be the CEO of the combined company and will lead the day-to-day operations. Ron Lang, the current CEO of SunGard Higher Education, will serve as the Vice Chairman of the Board. The combination of the businesses is subject to customary regulatory approval and we will keep you updated as we progress toward the closing. To symbolize this exciting combination, we will select a new name, which will be announced after that process is complete. In the meantime, we will continue to operate as independent companies, conducting business as usual.
We understand that you and your firm may have additional questions. For immediate access to additional details, we invite you to review the Frequently Asked Questions, CEO Announcement & Briefing and other materials at www.datatel.com/combination.
We remain committed to providing our clients with the highest quality products and services and to working with you to continuously improve our clients’ overall satisfaction. We look forward to our continued partnership and to working with you in the years to come.
John F. Speer, III
President and Chief Executive Officer