Private equity firm Vista Equity Partners recently acquired Silverchair Learning Systems, a provider of an online education and communications system for the senior care industry, from Silverchair Holdings, Inc.
Vista, which has more than $6.6 billion in committed capital, focuses on investing in software and technology-enabled businesses, and is growing its e-learning platform with the Silverchair Learning Systems acquisition. The senior care industry education and communications system joins Vista’s newly-formed online learning program alongside Essential Learning, a provider of e-learning solutions for behavioral and community health, substance abuse, corrections, developmental disability, and child welfare organizations.
The two companies will continue to operate as separate business units and will continue to innovate in their respective markets, but will benefit from the ability to collaborate in order to provide market-leading products and tech platforms for their respective customer bases.
The acquisition gives Silverchair strong financial backing to support its growth, and also gives the company access to Vista’s knowledge of the industry as well as its best practices and its track record in creating “world-class” software business.
Now that Silverchair Holdings has sold off its Learning Systems platform, it plans on “calibrating” its vision and resources by accelerating technology investments, maximizing market opportunities, and building market share in the scientific, technical, and medical information and knowledge management space.
“Today’s transaction is part of our long-term strategic plan to focus on Silverchair’s core competency of developing innovative technology platforms for STM publishers—a market we have successfully served for nearly 20 years,” said Thane Kerner, CEO of Silverchair Holdings. “This transaction will accelerate our development of the technologies that help make our publishing partners successful by both providing additional funding and by bringing a singular focus to our business.”
Harris Williams & Co. acted as Silverchair Holdings’ exclusive advisor.
Written by Alyssa Gerace