SirsiDynix acquired by Vista Equity Partners

SirsiDynix announced on December 27 that it will be acquired by Vista Equity Partners, a $1 billion private equity firm that focuses on investing in software and technology businesses. According to Lebron Miles, spokesman for SirsiDynix, there are no current plans to change the SirsiDynix name, and customers are not expected to see any difference in services.

For more details, and some expert analysis:

• SirsiDynix's official press release (PDF format)
• "SirsiDynix Acquired by Private Equity Firm; Service To Remain Same, but Will Costs Rise?" LibraryJournal.com, 12/27/06.
• "SirsiDynix Finds a New Investor," Andrew K. Pace (the "Hectic Pace" blog), 12/28/06.
• "SirsiDynix Acquisition: Another Step for Private Equity Firms," LibraryJournal.com, 1/2/07.