Vista Acquisition of SirsiDynix Completed

Posted On Jan 17 2007 by

Leading the flurry of press releases that come out at each ALA meeting, SirsiDynix and Vista Equity Partners have announced the finishing toucheson the latter’s full acquisition of the former. As of today, Vista Equity Partners is sole owner of one of the biggest library automation firms. It’s worth noting that the financial picture has to do with the fact that Seaport Capital was invested in SirsiDynix with a tenure fund. The tenure ran out and SirsiDynix was looking for a new investor. While this might seem like an anathema to the library world, this is how the business world …