Headquartered in Eden Prairie, Minnesota, Help/Systems provides automated operations and business intelligence software for the System i market. Help/Systems products are designed to make the System i more reliable, cost effective, and productive by minimizing human operator involvement and enhancing access to valuable data.
Janet Dryer, president of Help/Systems, will continue to lead the management team, according to an announcement posted on the Audax Web site.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said, "Help/Systems is a leading automation and business intelligence software company serving the IBM System i server market. We look forward to working with management to drive growth by penetrating international markets and completing strategic add-on acquisitions."
Janet Dryer, president of Help/Systems, said "We are excited to have Audax Group as our new partner. Their international experience sourcing and integrating add-on acquisitions will be a key asset for us as we expand our business globally across server platforms."
According to published reports, Audax Group purchased Help/Systems from Summit Partners, a private equity and venture capital firm with offices in Boston, Palo Alto, California, and London, England. Financial terms were not disclosed. Summit purchased Help/Systems in 2005, according to the reports.
Ropes & Gray LLP advised Audax Group. Jefferies Broadview advised Help/Systems. Goldman Sachs Specialty Lending Group, L.P. led a syndicate of lenders providing acquisition financing.
About Audax Group
Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York, Audax manages in excess of $3.7 billion of equity, mezzanine debt, and senior loan capital. For more information, visit the Audax Group Web site http://www.audaxgroup.com/.
Business users want new applications now. Market and regulatory pressures require faster application updates and delivery into production. Your IBM i developers may be approaching retirement, and you see no sure way to fill their positions with experienced developers. In addition, you may be caught between maintaining your existing applications and the uncertainty of moving to something new.
IT managers hoping to find new IBM i talent are discovering that the pool of experienced RPG programmers and operators or administrators with intimate knowledge of the operating system and the applications that run on it is small. This begs the question: How will you manage the platform that supports such a big part of your business? This guide offers strategies and software suggestions to help you plan IT staffing and resources and smooth the transition after your AS/400 talent retires. Read on to learn:
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