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Ellucian Awarded Hottest Exit of the Year
[June 24, 2016]

Ellucian Awarded Hottest Exit of the Year


Ellucian, the leading global provider for higher education software and services, today announced its 2015 acquisition has been named Northern Virginia Technology Council's (NVTC) "Hottest Exit" of the year. The award recognizes the strategic acquisition of the company by TPG Capital and Leonard Green Partners.

"Higher education is undergoing a transformation as institutions work to address the needs of new student demographics, while also making sure they are properly prepared to meet the fast-changing demands of today's workforce," said Jeff Ray, CEO, Ellucian. "The acquisition by TPG Capital and Leonard Green Partners solidified Ellucian's position as the company that will lead institutions through this revolution."

At the time of the transaction, Ellucian served more than 2,400 institutions in 40 countries. As a result of the acquisition, Ellucian gained the resourcesnecessary to grow and accelerate the delivery of its innovative platform of cloud-based products - including competency-based education solutions - as well as future M&A activity and global expansion.



The acquisition was one of the largest software private equity deals in the world in 2015 and the largest technology transaction in the Washington, D.C. region.

The Ellucian 2015 Hottest Exit Award was announced at NVTC's Annual Hot Ticket Awards on Thursday, June 23, 2016. For more information about the award, visit: http://www.nvtc.org.


About Ellucian

Ellucian is the worldwide leader of software and services designed for higher education. More than 2,400 institutions in 40 countries rely on Ellucian to help enable the mission of higher education for over 18 million students. Ellucian provides student information systems (SIS), finance and HR, recruiting, retention, analytics and advancement software solutions. With more than 1,400 institutions subscribing to Ellucian's cloud services and SaaS (News - Alert) offerings, the company is one of the largest providers of cloud-based solutions. Ellucian also supports the higher education community with a range of professional services, such as application software implementation, training, education, and management consulting. Visit Ellucian at www.ellucian.com.


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