Vista Equity Partners has completed two acquisitions with the purchases of Saxotech and Digital Technology International (DTI), providers of enterprise software for the news media industry. The acquired companies will be combined under a newly formed company, NEWSCYCLE Solutions.
“This is a rare and exciting opportunity to bring together the talents and technologies of two successful companies to create the strongest technology partner for all of our customers. DTI and Saxotech share mutual respect for each other and possess a combined history of 50 years of serving publishers throughout the world with innovative and customer-centric solutions,” said Dan Paulus, president of NEWSCYCLE Solutions and former president of DTI. “NEWSCYCLE Solutions is built to help news media publishers thrive in the dynamic environment for local news media.”
NEWSCYCLE Solutions provides technology services to the news media industry, including content management, digital advertising, circulation, and audience relationship management. The company’s products and services are used by media organizations to engage audiences through Web, print, mobile, and social media channels. The company’s US offices are in Florida, Maryland, Minnesota and Utah; with international offices in Australia, Canada, Denmark, Germany, Norway, Panama, Sweden and the United Kingdom (www.dtint.com) (www.saxotech.com).
“We are better together because we will offer the broadest range of publishing solutions and will have expanded resources to support current products and to deliver the next generation of solutions that publishers need to compete,” said Anders Christiansen, chief operation officer of NEWSCYCLE Solutions and former chief executive officer of Saxotech. “Our two companies also complement each other geographically which means that NEWSCYCLE Solutions is instantly competitive as a global player in the news media market.”
Vista Equity Partners has more than $7 billion in committed capital and makes equity investments in enterprise software businesses and technology-enabled services companies. The firm was founded in 2000 and has over 50 investment professionals operating out of Austin, Chicago, and San Francisco (www.vistaequitypartners.com).
“We are thrilled to be building a new and exciting business in NEWSCYCLE Solutions. The combined company’s foundation will be the strength of its people, products and high-quality customer bases,” said Alan Cline, Principal at Vista Equity Partners. “We see the formation of NEWSCYCLE Solutions as an incredible opportunity to innovate and evolve how the local news media marketplace is served. The combined company will have the scale, breadth and resources to support the industry and its technological needs in the years to come – a long-term win for all stakeholders.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-23-13
