FAIRFAX, Va., MALVERN, Pa. and WAYNE, Pa. August 4, 2011 — Datatel and SunGard Higher Education announced today that they have signed definitive agreements to combine businesses and operate as one company focused exclusively on serving education institutions. This strategic combination brings together two education industry specialists into one company with increased breadth and scale to meet the needs of institutions worldwide. Over 3,000 employees will be dedicated exclusively to delivering solutions to education institutions in 40 countries.
As a result of the combination, current and future customers will benefit from a broader portfolio of products and services as well as collaboration, creativity and sharing of best practices across an expanded global community of education professionals. Importantly, the combined company plans to continue investing significantly in the proven solutions customers rely on and to accelerate research and development to build new solutions to solve the evolving challenges institutions face.
“Combining the resources and talent of these two quality companies will enable us to be more responsive to the changing environment and challenges facing education,” said Datatel chief executive officer John Speer. “Together we will be able to better serve the global education community.”
“Datatel and SunGard Higher Education are a strong strategic fit and share common values,” said Ron Lang, chief executive officer of SunGard Higher Education. “Both companies have demonstrated a passion for serving the education community and have a long history of delivering innovative, reliable solutions. We intend to deepen the long-term, strategic relationships we have with our customers.”Specifically, this strategic combination will provide customers:
Statements in this release other than historical facts constitute forward-looking statements. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “would,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” or “anticipates” or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We may not be able to complete the proposed transaction on the terms summarized above or other acceptable terms, or at all, due to a number of factors, including the failure to obtain regulatory approvals. The factors that may affect our business or future financial results are discussed in our filings with the Securities and Exchange Commission, copies of which may be obtained from us without charge. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors except as otherwise required by applicable law.
|SunGard Higher Education
Media Contact – Laura Kvinge
Media Contact – Robert Martin
|SunGard Data Systems
Media Contact – Brian Robins
|Hellman & Friedman
Media Contacts – Mary Beth Grover/Kelly Smith
Abernathy MacGregor Group
|SunGard Data Systems
Financial Contact – Henry Miller