Hellman & Friedman and JMI Equity sale of Ellucian to TPG Capital and Leonard Green Partners’ recognized by Northern Virginia Technology Council
Ellucian, the leading global provider for higher education software and services, today announced its 2015 sale has been named the Northern Virginia Technology Council’s (NVTC) “Hottest Exit” of the year. The award recognizes the sale of the company by Hellman & Friedman and JMI Equity to TPG Capital and Leonard Green Partners.
“This transaction validates our cloud strategy, our position as the market leader, and our mission to develop technology that helps students succeed,” said Jeff Ray, president and chief executive officer at Ellucian. “We’re proud to receive NVTC’s distinguished Hottest Exit of the Year award.”
The sale was one of the largest software private equity deals in 2015 and the largest technology transaction in the Washington, D.C. region.