Vista Equity Partners has acquired Saxotech and Digital Technology International and combining the business operations of the two companies. Financial terms weren’t announced. The new company will be called Newscycle Solutions. Tampa, Fla.-based Saxotech and DTI, of Springville, Utah, both provide enterprise software solutions for the global news media industry.
PRESS RELEASE
AUSTIN, Texas–(BUSINESS WIRE)–Saxotech and Digital Technology International (DTI), leading providers of enterprise software solutions for the global news media industry, today jointly announced that the companies are combining their business operations effective immediately. The new global company will operate under the name NEWSCYCLE Solutions with a blended senior management team. The creation of NEWSCYCLE Solutions was driven by the simultaneous acquisitions of DTI and Saxotech by Vista Equity Partners, a leading private equity firm focused on long-term value-added investments in software and technology-enabled services.
As the trusted technology partner with more than 3,000 media customers in more than 25 countries, NEWSCYCLE Solutions has the scale and ability to serve publishers across all geographies with solutions for content, advertising, circulation and audience relationship management. The combination of two strong companies offers customers access to an unrivalled pool of expertise and resources and the broadest range of news media technology solutions.
“This is a rare and exciting opportunity to bring together the talents and technologies of two successful companies to create the strongest technology partner for all of our customers. DTI and Saxotech share mutual respect for each other and possess a combined history of 50 years of serving publishers throughout the world with innovative and customer-centric solutions,” said Dan Paulus, president of NEWSCYCLE Solutions and former president of DTI. “Our customers will benefit from access to a wider array of applications and a deeper roster of experienced people to support their accelerating business needs. NEWSCYCLE Solutions is built to help news media publishers thrive in the dynamic environment for local news media.”
NEWSCYCLE Solutions combines the two companies’ complementary international business operations strengthening and expanding its ability to serve customers around the world. The new company also anticipates that product innovation cycles will accelerate given the direct collaboration of domain experts in digital publishing and cloud computing. The sharing of customer insights from around the world will create a broader understanding of the needs of publishers in all geographic markets.
“We are better together because we will offer the broadest range of publishing solutions and will have expanded resources to support current products and to deliver the next generation of solutions that publishers need to compete,” said Anders Christiansen, chief operation officer of NEWSCYCLE Solutions and former chief executive officer of Saxotech. “Our two companies also complement each other geographically which means that NEWSCYCLE Solutions is instantly competitive as a global player in the news media market.”
“We are thrilled to be building a new and exciting business in NEWSCYCLE Solutions. The combined company’s foundation will be the strength of its people, products and high-quality customer bases,” said Alan Cline, Principal at Vista Equity Partners. “We see the formation of NEWSCYCLE Solutions as an incredible opportunity to innovate and evolve how the local news media marketplace is served. The combined company will have the scale, breadth and resources to support the industry and its technological needs in the years to come – a long-term win for all stakeholders.”
The management team of NEWSCYCLE Solutions is a blend of executives from DTI and Saxotech plus new members. In addition to Dan Paulus and Anders Christiansen, another key role is Don Oldham, DTI’s founder and chief executive officer, as a Board Advisor. The combined organization has an expanded global presence with offices in nine countries and sales and support personnel located around the world.
About NEWSCYCLE Solutions
NEWSCYCLE Solutions™ delivers the broadest range of technology solutions for the global news media industry, including content management, digital advertising, circulation, and audience relationship management. The company’s innovative solutions and professional services help media organizations engage audiences through Web, print, mobile, and social media channels. NEWSCYCLE Solutions helps more than 3,000 publishers around the world compete for audience and revenue across the entire media landscape. The company’s US offices are in Florida, Maryland, Minnesota and Utah; with international offices in Australia, Canada, Denmark, Germany, Norway, Panama, Sweden and the United Kingdom. For more information, go to: www.dtint.com or www.saxotech.com.
About Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests approximately $7 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit www.vistaequitypartners.com.
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