SirsiDynix announced today that Patrick Sommers is stepping down as chief executive officer, effective immediately.
As you will recall, Vista Equity Partners recently acquired SirsiDynix. This was bound to bring some major changes, including this one. I asked Sommers directly in Seattle whether he would remain at the wheel under Vista’s ownership, and he claimed that he would, but I remained suspicious.
Suffice it to say, I am not surprised. Perhaps the timing is a bit odd, but the announcement itself was pretty expected. It’s slightly unusual that a replacement was not immediately ready to step in. Martin Taylor, one of the operating principles of Vista Equity Partners, is rumored to be taking the helm on an interim basis. The search for a new CEO will begin immediately.
I called my friend and industry expert Marshall Breeding, who had this to say:
“It’s clear that Pat Sommers was hired by Seaport Capital to grow Sirsi from the $25 million company that it was then to the new SirsiDynix that is nearly five times that size. But he was Seaport’s guy, and Vista will want to bring in their own leadership.”
The announcement comes just a couple of days before the SirsiDynix SuperConference is set to start. Unfortunately, I will miss all the buzz this year.
[This post originally appeared as part of American Libraries’ Hectic Pace Blog and is archived here.]