Official release from ADERANT…

San Francisco, CA and Atlanta, GA – Nov. 3, 2008 – Vista Equity Partners today announced that it has completed the acquisition of ADERANT Holdings Inc. (ADERANT). Vista, a private equity firm with over $2 billion in committed capital, invests in private and public software and technology-enabled companies, focusing on successful organizations committed to maintaining industry leadership.

 

“We are very pleased about our partnership with Vista Equity Partners, especially because we share a common focus on delivering long-term value,” said Michael Kohlsdorf, President and Chief Executive Officer for ADERANT. “I am fully confident that Vista will help us further energize our business, and I look forward to working with our current management team and dedicated employees to reach the next level of our company’s growth. In that context, we remain focused on developing world-class products and providing unrivaled customer service and support.”

 

Vista focuses on vertically specialized companies that develop and market software, software-as-a-service, and technology-enabled business services. Acquiring ADERANT is consistent with Vista’s strategy of partnering with exceptional executives in technology-oriented businesses. Vista chose to acquire ADERANT because of its strong market position, product offerings, loyal and satisfied customers, and its highly-talented and devoted employees. Leveraging its experience with numerous other vertically oriented software and technology-enabled companies, Vista is uniquely qualified to help position ADERANT for continued growth and will enable the company to strengthen and expand its position in its respective markets.

 

Vista Founder and Managing Principal Robert F. Smith said, “We are long-term investors in technology companies that are committed to market leadership. We are tremendously excited about working with ADERANT. We look forward to working with the management team to both continue serving the needs of their current customers as well as building on their platform to offer additional solutions to existing and new customers. The company has an impressive list of global clients and a shared vision to be a best-in-class provider of software products and services. The management team, led by Mike Kohlsdorf, has done a tremendous job transforming and growing a great company over the last few years.”

 

ADERANT is a leading global provider of integrated, mission-critical applications for law firms and professional services organizations. The company’s flagship practice and financial management application suite, ADERANT Expert, is deployed to a large and loyal base of more than 545 clients throughout North America, Europe, and Asia-Pacific, including 45 of the top 100 global law firms and three of the top accounting and consulting firms. ADERANT Expert provides these leading firms with comprehensive, integrated functionality based on an open and advanced Microsoft .NET Framework technology architecture.

 

Harris Williams & Company acted as financial advisor to ADERANT. Financial details of the transaction were not disclosed.

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Envision Agency Contact:

Jobst Elster

Vice President

Phone: 850-385-4599

Email: elster@envisionagency.com