Vista Equity Partners Acquires Silverchair Learning Systems
Silverchair Learning Systems
Silverchair Learning Systemshas been Acquired by Vista Equity Partners
Acquisition to fuel continued growth of leading online learning provider in senior care
Charlottesville, VA, May 22, 2012 - Silverchair Learning Systems (Silverchair Learning or SLS), the leading provider of interactive online education and communication systems in senior care, today announced that it has been acquired by Vista Equity Partners (“Vista”), a private equity firm with over $6.6 billion in committed capital.
The acquisition brings Silverchair Learning, a member of the 2011 Inc. 5000 list of the fastest-growing private companies, strong financial backing to support the company’s rapid and profitable growth along with access to Vista’s deep knowledge of the industry, best practices, and exemplary track record in creating world-class software businesses.
Silverchair Learning will be part of Vista’s newly formed e-learning platform, which also includes Essential Learning, the leading provider of interactive e-learning solutions for behavioral and community health, substance abuse, corrections, developmental disability and child welfare organizations. The two companies will operate as separate business units and continue to build upon their thought leadership in their respective markets, while benefiting immensely from their new-found ability to collaborate to provide best-in-class products and technology platforms for their respective customer bases.
“We are tremendously excited to acquire Silverchair Learning”, said Rob Rogers, Principal and Co-Head of Vista Equity Partners Foundation Fund. “We look forward to partnering with Silverchair Learning and Essential Learning to form an e-learning platform that will deliver best of breed solutions for their respective market segments while collaborating on a set of key growth initiatives.”
“Silverchair Learning is very pleased to become part of the Vista family and form the industry’s leading e-learning platform” said Mike Mutka, President & COO of Silverchair Learning. “We’re incredibly excited for what the future brings for our clients and ourselves.”
“We welcome the team at Silverchair Learning to the Vista portfolio”, said Sue Erskine, CEO of Essential Learning. “We really look forward to collaborating with the best team in the senior care e-learning space to provide innovative and market leading experiences to our respective customers.”
About Silverchair Learning Systems
Silverchair Learning Systems works with senior care leaders who want to improve the training process in their organizations. Silverchair Learning offers a user-friendly online training solution that improves compliance and eliminates record keeping headaches, while saving time and money. SLS training content is developed in collaboration with leading national and state associations and subject matter experts, which provides clients with up-to-date curricula on a variety of key topics relevant to operating senior care facilities. The assignment, tracking and reporting features of the Company’s integrated LMS enable senior care organizations to automate and simplify training management overall, freeing up personnel to focus on driving strategic business value through e-learning, and to document compliance with many of the requirements of funding and regulatory bodies. Using this system provides peace of mind and confidence. www.silverchairlearning.com
About Essential Learning
Essential Learning was founded in 2002 by former healthcare executives with extensive clinical and administrative experience in the behavioral health industry. Essential Learning has grown to become the leading provider of interactive e-learning solutions to behavioral and community health, substance abuse, corrections, developmental disability and child welfare service organizations throughout North America. Essential Learning’s solutions address the training and continuing education needs of its clients that range from less than 10 to over 10,000 employees. For further information please visit www.essentiallearning.com.
About Vista Equity Partners
Vista, a U.S.-based private equity firm with offices in San Francisco, Chicago, and Austin, currently invests over $6.6 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. www.vistaequitypartners.com