Ellucian Awarded Hottest Exit of the Year by Northern Virginia Technology Council

Hellman & Friedman and JMI Equity sale of Ellucian to TPG Capital and Leonard Green Partners’ recognized by Northern Virginia Technology Council

Published Friday, June 24, 2016 - Fairfax, Va.

Ellucian, the leading global provider for higher education software and services, today announced its 2015 sale has been named the Northern Virginia Technology Council’s (NVTC) “Hottest Exit” of the year. The award recognizes the sale of the company by Hellman & Friedman and JMI Equity to TPG Capital and Leonard Green Partners.

“This transaction validates our cloud strategy, our position as the market leader, and our mission to develop technology that helps students succeed,” said Jeff Ray, president and chief executive officer at Ellucian. “We’re proud to receive NVTC’s distinguished Hottest Exit of the Year award.”

The sale was one of the largest software private equity deals in 2015 and the largest technology transaction in the Washington, D.C. region.

The Ellucian 2016 Hottest Exit Award was announced at NVTC’s Annual Hot Ticket Awards on Thursday, June 23, 2016. For more information about the award, visit: http://www.nvtc.org.

 

About Ellucian

Ellucian is the technology leader of software and services powering higher education forward. More than 2,500 institutions in almost 50 countries rely on Ellucian to help enable the mission of higher education for over 18 million students. Ellucian provides a broad and versatile portfolio of solutions, including student information systems (SIS), finance and HR, recruiting, retention, analytics and advancement software solutions.

With more than 1,400 institutions subscribing to unique deployments of Ellucian’s cloud services and SaaS offerings, the company is one of the largest providers of cloud-based solutions to colleges and universities. Ellucian also supports the higher education community with a range of professional services, such as application software implementation, training, education, and management consulting. Visit Ellucian at www.ellucian.com.

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