H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with $19 billion under management, has entered into a definitive agreement to acquire HelpSystems, LLC (“HelpSystems”, or the “Company”). The completion of the transaction is subject to regulatory and anti-trust approval.
Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.
Fraser Preston, Managing Director at H.I.G., commented, “We are excited to partner with Chris Heim, Dan Mayleben, and the entire HelpSystems team to continue the Company’s strong growth.” Aaron Tolson, Principal at H.I.G. added, “We look forward to working together with the management team to expand HelpSystems’ suite of products and to continue to provide best-in-class service to HelpSystems customers.”
“We are thrilled to work with H.I.G.,” said Chris Heim, CEO, HelpSystems. "We share core philosophies of taking exceptional care of customers and employees, and together we’ll continue on the mission of delivering software that makes IT lives easier and solves real problems.”
Evercore is acting as lead financial advisor to H.I.G. Credit Suisse is also a financial advisor to H.I.G.
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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