Thoma Cressey Invests Over $100 Million in Companies Engaged With IBM Small and Medium Business Platform20 December 2006
only 5 percent of the hundreds of thousands of System i customers are currently running high availability solutions.
Less than a week after the purchase of iTera, Thoma Cressey announced a recapitalization agreement under which it will acquire an equity interest in Sirius Computer Solutions, Inc., an IBM Premier Business Partner and the largest IBM System i business partner. Thoma Cressey's investment in Sirius was driven by the company's standing as the leading U.S.-based IBM Solution Provider and its track record of delivering real benefit to customers with advanced solutions. Thoma Cressey expects the financial partnership to allow Sirius to continue its aggressive growth strategy in the System i arena and beyond.
"We are pleased to see top investment firm Thoma Cressey influencing the future direction of the System i marketplace by helping companies that have catered to this space for years provide new value for our mutual customers," said Mark Shearer, general manager of IBM System i. "Thoma Cressey's growing interest in System i demonstrates the strength of IBM's integrated, open platform."
For more information on IBM System i, visit http://www.ibm.com/systemi.
About Thoma Cressey Equity Partners Inc.
Thoma Cressey is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for more than 25 years. In the software industry, Thoma Cressey has amassed a portfolio of software earnings in excess of $400 million. Thoma Cressey's investment focus is on companies in the software, healthcare, business services and consumer products industries. Thoma Cressey currently manages approximately $2 billion of equity capital. For more information on Thoma Cressey, visit www.thomacressey.com.
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Contact:
Joanna Brewer IBM 415-545-2270 jmbrewer@us.ibm.com
SOURCE: IBM
Source: marketwire
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