Court Square Capital Partners has acquired the performance support software unit of RWD Technologies. No financial terms were disclosed.
RWD Technologies, LLC (RWD), a global company that develops and implements human and organizational performance solutions, today announced that it has completed the sale of its software products division and products platform to Court Square Capital Partners (Court Square), a leading private equity firm. With the acquisition of the RWD software products division, Court Square has created a standalone business, ANCILE Solutions, Inc. (www.ancile.com), which will continue to develop, sell, and support the performance support software products formerly developed and supported by RWD. In addition, ANCILE will provide those services that directly support the platform, such as implementation, hosting and maintenance services.
“The sale of the RWD software products division is an essential step in the continued success and transformation of RWD Technologies,” said Laurens MacLure, Jr., president and CEO of RWD Technologies. “By decoupling the service and products businesses, both RWD and ANCILE will be better positioned to flourish as the economy continues to recover. RWD will return to its roots as a consulting business focused on helping its clients maximize the performance of their people and assets through high-value services.”
Frank Lonergan, former RWD vice president, product development and product support, is the CEO of ANCILE. The products included in divestiture are RWD uPerform®, RWD uPerform® Express, RWD uBenchmark®, RWD Info Pak®, and RWD uLearn™.
RWD and ANCILE have also announced that they have entered into a strategic alliance agreement that will offer customers seamless integration of the software and services needed to solve workforce and operational performance challenges. This agreement includes terms under which RWD and ANCILE will collaborate on the sales, support and implementation of the software products formerly developed by RWD.
“With over 12 million end users around the world, RWD’s software products have matured to the point where it makes sense to separate the software products division to enable ANCILE Solutions’ singular focus on developing product solutions that support the performance and productivity of our customers,” said Frank Lonergan, CEO of ANCILE Solutions. “The investment by Court Square allows us to innovate and introduce new technology solutions to meet additional needs in the market.”
RWD is a leading provider of human and operational performance improvement solutions that help employers maximize the return on their investments in people, processes, technology, equipment, knowledge and customers. Since 1988, RWD has assisted clients and partners in enhancing organizational productivity through its broad range of integrated products and services, which include human capital management and IT consulting services, business transformation and lean process improvement, end-user training, change management, knowledge management and operator effectiveness management. RWD’s solutions are used in thousands of organizations globally, and in industries such as manufacturing, energy, automotive, aerospace, healthcare, life sciences, consumer products, financial, telecommunications, services, higher education and the public sector.
Based in Baltimore, Maryland, RWD serves Fortune 500 and other organizations around the world. RWD is privately held, with two dozen offices in the Americas, EMEA and Asia Pacific. For more information, please visit www.rwd.com.
About ANCILE Solutions
ANCILE Solutions, Inc. is a global software solutions company specializing in the development and support of learning and performance products. Our customers include 43 of the companies in the Fortune 100. Our products support mission-critical business applications by providing solutions that increase employee productivity and proficiency. ANCILE Solutions’ products are used in thousands of organizations globally, and in industries such as manufacturing, energy, automotive, aerospace, healthcare, life sciences, consumer products, financial, telecommunications, services, higher education, and the public sector.
ANCILE Solutions is headquartered in Baltimore, Maryland. For additional information, please visit www.ancile.com.
About Court Square Capital
Court Square Capital is one of the most experienced private equity firms in the industry. Since 1980, the group has invested in over 170 transactions across a wide array of sectors including: aerospace & defense, industrials, business services, technology, healthcare, media and travel. Court Square Capital currently manages over $4 billion of aggregate capital commitments and is based in New York, NY. For more information please refer to Court Square’s website at www.courtsquare.com