Datatel Executive Team Completes Management Buyout Backed by Thoma Cressey Equity Partners and Trident Capital

FAIRFAX, VA – April 8, 2005 – Datatel, Inc. announced today that the management buyout of its founders, Ken Kendrick and Tom Davidson, is complete. This management buyout, backed by Thoma Cressey Equity Partners and Trident Capital, was originally announced on March 18, 2005.
“Datatel takes pride in the cutting-edge technology and professional services that we provide,” said H. Russell Griffith, Datatel president, Chief Executive Officer, and Chairman of the Board. “With the added resources and expertise from Thoma Cressey Equity Partners and Trident Capital, Datatel will continue to grow and expand these offerings, providing our clients the tools they need to meet their business challenges.”
Concurrent with the signing of this transaction, president and CEO Russ Griffith will also assume the role of Chairman of the Board. Vernon R. Hollidge, Datatel senior vice president will also serve on the board, and the remainder of the executive leadership will remain unchanged.
Founded in 1968, Datatel is a leading provider of fully integrated enterprise information management solutions for higher education institutions. For the last 25 years, Datatel has exclusively focused on meeting the needs of colleges and universities, helping institutions operate more efficiently so they may better serve their constituents. More than 650 Datatel clients have achieved new levels of success using the company’s industry-leading software, Datatel Colleague, and acclaimed professional services.
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